This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing …

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …

of other key variables, such as gender and educational attainment. …

economically important ways. To test this, we designed a controlled experiment using first year college students who made choices … observed gender differences in behaviour under uncertainty found in previous studies might partly reflect social learning … rather than inherent gender traits. …

affected by cognitive skills and gender. We find that cognitive ability (measured by the percentile ranking for university … IQ measures to proxy cognitive skills. However we do find that gender matters. While young women are significantly more … between the impact of gender on risk attitudes and the hypothetical lottery investment suggests that impatience and framing …

is a gender difference in the reference point, explaining the gender difference in risk aversion observed using … average have a significantly lower reference point. By acknowledging the reference point as a potential source of gender …

Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from … the average female avoids competitive behaviour more than the average male. This suggests that observed gender differences … might reflect social learning rather than inherent gender traits. …

experiment. First, a model is analyzed in which two agents simultaneously decide between a risky and a safe strategy and we allow …