We study the role of risk aversion underlying son preference in patriarchal societies, where sons serve as better insurance for old-age support than daughters. The implications of an insurance motive on son preference are two-fold. First, prior to the birth of their children, more risk-averse...

Keynes (1921) and Ellsberg (1961) have articulated an aversion toward betting on an urn containing balls of two colors of unknown proportion to one with a 50-50 composition. Keynes views this as reflecting different preferences for bets arising from different sources of uncertainty. Ellsberg...

We use a large laboratory experimental data involving 2,118 Chinese subjects from Singapore and 1,260 Chinese subjects from Beijing and 400 Jewish subjects from Israel to investigate gender and country difference in altruistic giving using the Andreoni-Miller dictator game (AMDG). Our results...