Show simple item record

AuthorBouchouicha R.
AuthorDeer L.
AuthorEid A.G.
AuthorMcGee P.
AuthorSchoch D.
AuthorStojic H.
AuthorYgosse-Battisti J.
AuthorVieider F.M.
Available date2020-04-15T12:01:42Z
Publication Date2019
Publication NameJournal of Risk and Uncertainty
ResourceScopus
ISSN8955646
URIhttp://dx.doi.org/10.1007/s11166-019-09315-3
URIhttp://hdl.handle.net/10576/14175
AbstractGender effects in risk taking have attracted much attention by economists, and remain debated. Loss aversion—the stylized finding that a given loss carries substantially greater weight than a monetarily equivalent gain—is a fundamental driver of risk aversion. We deploy four definitions of loss aversion commonly used in the literature to investigate gender effects. Even though the definitions only differ in subtle ways, we find women to be more loss averse than men according to one definition, while another definition results in no gender differences, and the remaining two definitions point to women being less loss averse than men. Conceptually, these contradictory effects can be organized by systematic measurement error resulting from model mis-specifications relative to the true underlying decision process.
SponsorFerdinand Vieider gratefully acknowledges generous financial support from the Excellence Initiative at the University of Munich and from the WZB Berlin Social Science Center.
Languageen
PublisherSpringer
SubjectGender effects
Loss aversion
Prospect theory
Risk preferences
TitleGender effects for loss aversion: Yes, no, maybe?
TypeArticle
Pagination171-184
Issue Number2
Volume Number59
dc.accessType Open Access


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record