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Titel
Safe options induce gender differences in risk attitudes / Paolo Crosetto (GAEL, INRA, CNRS, Grenoble INP, Université Grenoble-Alpes), Antonio Filippin (University of Milan and IZA) ; IZA Institute of Labor Economics
VerfasserCrosetto, Paolo In der Gemeinsamen Normdatei der DNB nachschlagen ; Filippin, Antonio In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, May 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (26 Seiten) : Illustrationen, Diagramme
SerieDiscussion paper ; no. 10793
URNurn:nbn:de:hbz:5:2-125996 Persistent Identifier (URN)
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Safe options induce gender differences in risk attitudes [0.53 mb]
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Zusammenfassung

Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are context dependent rather than ubiquitous. In this paper we try to rationalize the heterogeneity of results investigating experimentally whether the presence of a safe option among the set of alternatives explains why females are more risk averse than males. We manipulate three widely used risk elicitation methods finding that the availability of a safe option causally affects risk attitudes. The presence of a riskless alternative does not entirely explain the gender gap but it has a significant effect in triggering or magnifying (when already present) such differences. Despite the pronounced instability that usually characterizes the measurement of risk preferences, we show estimating a structural model that the effect of a safe option is remarkably stable across tasks. This paper constitutes the first successful attempt to shed light on the determinants of gender differences in risk attitudes.