Borghans, Lex; Golsteyn, Bart H. H.; Heckman, James Joseph - 2009
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the … introduction of ambiguity but men do. At greater levels of ambiguity, women have the same marginal distaste for increased ambiguity …