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Does gender moderate the influence of emotions on risk-taking? The meta-analysis reloaded

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  • Marini, Matteo M.

Abstract

This paper is a follow-up investigation to the aggregate data meta-analysis by Marini (2022), the latter being designed to detect what study characteristics moderate the effect of emotions on risk preferences. Our work purports to strengthen the findings of Marini (2022) by taking into account gender as a moderator, as well as to extend the analysis along the dimension of country-level individualism. These goals are pursued by pooling individual participant data from the subset of studies that make use of multiple price lists as risk elicitation method. We find that gender does not moderate the influence of emotions on risk propensity and subjects take greater risks when studies are conducted in individualist countries, supporting the evidence of a positive link between individualism and risk-seeking even with respect to participants experiencing no emotion.

Suggested Citation

  • Marini, Matteo M., 2022. "Does gender moderate the influence of emotions on risk-taking? The meta-analysis reloaded," Journal of Behavioral and Experimental Finance, Elsevier, vol. 35(C).
    • Handle: RePEc:eee:beexfi:v:35:y:2022:i:c:s2214635022000466
    DOI: 10.1016/j.jbef.2022.100700
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    References listed on IDEAS

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    Cited by:

    1. Chowdhury, Subhasish M. & Marini, Matteo M., 2024. "Overbidding and heterogeneous behavior in contest experiments:A meta-comment on cross-cultural differences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 110(C).
    2. Matteo M. Marini & Giulia Ulivieri, 2024. "Meta-analyses in Economic Psychology: A sustainable approach to cross-cultural differences," MUNI ECON Working Papers 2024-01, Masaryk University.

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    More about this item

    Keywords

    Meta-analysis; Gender differences; Emotions; Risk-taking; Individualism;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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