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Gender and Personal Finance Management

In: Behavioral Finance WHERE DO INVESTORS' BIASES COME FROM?

Author

Listed:
  • Zohar Rusou
  • Moty Amar
  • Shahar Ayal

Abstract

The chapter reviews gender related differences in saving and investment behavior and in debt management, and the major factors that have been identified in previous research as influencing the quality of financial decisions making, such as risk attitudes, financial literacy, confidence in financial knowledge and cognitive style. In addition, we analyze preliminary data from our laboratory studies on men and women’s management ofmultiple debt accounts. Based on our findings,we suggest possible mechanisms that drive gender similarities and differences in behavior.

Suggested Citation

  • Zohar Rusou & Moty Amar & Shahar Ayal, 2016. "Gender and Personal Finance Management," World Scientific Book Chapters, in: Itzhak Venezia (ed.), Behavioral Finance WHERE DO INVESTORS' BIASES COME FROM?, chapter 7, pages 193-215, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813100091_0007
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    More about this item

    Keywords

    Behavioral Finance; Rationality; Experimental Finance; Reference Points; Professionals; Gender; Culture and Finance; Equity Premium;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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