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Correct Belief, Wrong Action and a Puzzling Gender Difference

Author

Listed:
  • Huberman, G.
  • Rubinstein, A.

Abstract

We asked subjects to self-select into one of two constests, "coin" or "die." The winner in each of the contest is the person with most correct guesses of 20 coin flips or 20 rolls of a die, respectively. Most subjects reported that they belived that most people would go to the "coin" group. They were correct. Although the right action under this belief is to choose "die" most people chose to be with the majority. Both men and women tended to make this mistake, but women's propensity to err in this particular experiment was stonger. This is puzzling as our overall impression does not support the wxistence of gender differences in strategic situations.

Suggested Citation

  • Huberman, G. & Rubinstein, A., 2000. "Correct Belief, Wrong Action and a Puzzling Gender Difference," Papers 00-17, Tel Aviv.
    • Handle: RePEc:fth:teavfo:00-17
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    Cited by:

    1. Uri Gneezy & Muriel Niederle & Aldo Rustichini, 2003. "Performance in Competitive Environments: Gender Differences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(3), pages 1049-1074.
    2. Colin Camerer & Teck-Hua Ho & Juin Kuan Chong, 2003. "A cognitive hierarchy theory of one-shot games: Some preliminary results," Levine's Bibliography 506439000000000495, UCLA Department of Economics.
    3. Dennis Dittrich & Werner Guth & Boris Maciejovsky, 2005. "Overconfidence in investment decisions: An experimental approach," The European Journal of Finance, Taylor & Francis Journals, vol. 11(6), pages 471-491.
    4. Shavit, Tal & Sonsino, Doron & Benzion, Uri, 2001. "A comparative study of lotteries-evaluation in class and on the Web," Journal of Economic Psychology, Elsevier, vol. 22(4), pages 483-491, August.

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