@TechReport{iza:izadps:dp12946,
            	author={Böheim, René and Lackner, Mario and Wagner, Wilhelm},
            	title={Raising the Bar: Causal Evidence on Gender Differences in Risk-Taking from a Natural Experiment},
            	year={2020},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={12946},
            	url={https://www.iza.org/publications/dp12946},
	abstract={We analyze data from top-tier professional athletes and find that female and male athletes differ in the timing and in the extent of their reactions to a change of the rules which increased the risk of failure. Male athletes increased risk-taking in the more risky environment immediately after the changes. Female athletes, however, increased risk-taking two years after the rule change. Over time, female athletes reverted to pre-reform risk-taking levels and male athletes' continued to make more risky decisions in the new environment. We attribute our findings to gender differences in competitiveness and risk preferences.},
	keywords={gender differences;risk-taking;competitiveness},
            }