Gender and Risk Taking in the Classroom
We examine whether differences in risk preferences explain gender differentials in test scores amongst a large class of undergraduate microeconomics students, where students were evaluated using multiple choice questions. In each of five class tests, the negative penalty associated with an incorrect answer was randomly varied across questions. We show that female students exhibit lower risk propensities on average, and that they are more responsive than males to an increase in the penalty for an incorrect answer. Controlling for di erences in risk preferences, we show that the gender differential in relation to answering any given question correctly reduces by a third, and that the gender differential in overall test scores becomes statistically insigni cant. This result is robust to a variety of distributional assumptions.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: Private BagX3, Rondebosch, 7701, Cape Town|
Phone: +27 21 650 5696
Fax: +27 21 650 5697
Web page: http://www.saldru.uct.ac.za/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Eckel, Catherine C. & Grossman, Philip J., 2008.
"Men, Women and Risk Aversion: Experimental Evidence,"
Handbook of Experimental Economics Results,
- Uri Gneezy & Kenneth L. Leonard & John A. List, 2008.
"Gender Differences in Competition: Evidence from a Matrilineal and a Patriarchal Society,"
NBER Working Papers
13727, National Bureau of Economic Research, Inc.
- Uri Gneezy & Kenneth L. Leonard & John A. List, 2009. "Gender Differences in Competition: Evidence From a Matrilineal and a Patriarchal Society," Econometrica, Econometric Society, vol. 77(5), pages 1637-1664, 09.
- John List & Kenneth Leonard & Uri Gneezy, 2009. "Gender differences in competition: Evidence from a matrilineal and a patriarchal society," Artefactual Field Experiments 00049, The Field Experiments Website.
- Leonard Smith & Lawrence Edwards, 2007. "A Multivariate Evaluation Of Mainstream And Academic Development Courses In First-Year Microeconomics," South African Journal of Economics, Economic Society of South Africa, vol. 75(1), pages 99-117, 03.
- L Edwards, 2000. "An Econometric Evaluation of Academic Development Programmes in Economics," South African Journal of Economics, Economic Society of South Africa, vol. 68(3), pages 204-215, 09.
- Kenneth G. Elzinga & Daniel O. Melaugh, 2009. "35,000 Principles of Economics Students: Some Lessons Learned," Southern Economic Journal, Southern Economic Association, vol. 76(1), pages 32-46, July.
- Muriel Niederle & Lise Vesterlund, 2007.
"Do Women Shy Away From Competition? Do Men Compete Too Much?,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 122(3), pages 1067-1101.
- Muriel Niederle & Lise Vesterlund, 2005. "Do Women Shy Away from Competition? Do Men Compete too Much?," Discussion Papers 04-030, Stanford Institute for Economic Policy Research.
- Muriel Niederle & Lise Vesterlund, 2005. "Do Women Shy Away From Competition? Do Men Compete Too Much?," NBER Working Papers 11474, National Bureau of Economic Research, Inc.
- Booth, Alison L. & Nolen, Patrick J., 2009.
"Choosing to Compete: How Different Are Girls and Boys?,"
IZA Discussion Papers
4027, Institute for the Study of Labor (IZA).
- Booth, Alison & Nolen, Patrick, 2012. "Choosing to compete: How different are girls and boys?," Journal of Economic Behavior & Organization, Elsevier, vol. 81(2), pages 542-555.
- Booth, Alison L & Nolen, Patrick, 2009. "Choosing to Compete: How different are girls and boys?," CEPR Discussion Papers 7214, C.E.P.R. Discussion Papers.
- Booth, Alison L & Nolen, Patrick J, 2009. "Choosing To Compete: How Different Are Girls and Boys?," Economics Discussion Papers 2916, University of Essex, Department of Economics.
- Alison L. Booth & Patrick Nolen, 2009. "Choosing to Compete: How Different are Girls and Boys?," CEPR Discussion Papers 602, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Bajtelsmit, Vickie L. & Bernasek, Alexandra & Jianakoplos, Nancy A., 1999. "Gender differences in defined contribution pension decisions," Financial Services Review, Elsevier, vol. 8(1), pages 1-10.
- Stephen Buckles & John J. Siegfried, 2006. "Using Multiple-Choice Questions to Evaluate In-Depth Learning of Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(1), pages 48-57, January.
- Charles L. Ballard & Marianne F. Johnson, 2004. "Basic Math Skills and Performance in an Introductory Economics Class," The Journal of Economic Education, Taylor & Francis Journals, vol. 35(1), pages 3-23, January.
- Catherine C. Eckel & Philip J. Grossman, 2008. "Forecasting Risk Attitudes: An Experimental Study Using Actual and Forecast Gamble Choices," Monash Economics Working Papers archive-01, Monash University, Department of Economics.
- Mary O. Borg & Harriet A. Stranahan, 2002. "Personality Type and Student Performance in Upper-Level Economics Courses: The Importance of Race and Gender," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(1), pages 3-14, January.
- Alex Van der merwe, 2006. "Identifying Some Constraints In First Year Economics Teaching And Learning At A Typical South African University Of Technology," South African Journal of Economics, Economic Society of South Africa, vol. 74(1), pages 150-159, 03.
- Susan Pozo & Charles A. Stull, 2006. "Requiring a Math Skills Unit: Results of a Randomized Experiment," American Economic Review, American Economic Association, vol. 96(2), pages 437-441, May.
- repec:esx:essedp:672 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:ldr:wpaper:87. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alison Siljeur)
If references are entirely missing, you can add them using this form.