TY  - RPRT
        AU  - Booth, Alison L.
AU  - Nolen, Patrick J.
        TI  - Gender Differences in Risk Behaviour: Does Nurture Matter?
        PY  - 2009/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4026
        UR  - https://www.iza.org/publications/dp4026
        AB  - Women and men may differ in their propensity to choose a risky outcome because of innate preferences or because their innate preferences are modified by pressure to conform to gender-stereotypes. Single-sex environments are likely to modify students’ risk-taking preferences in economically important ways. To test this, our controlled experiment gave subjects an opportunity to choose a risky outcome − a real-stakes gamble with a higher expected monetary value than the alternative outcome with a certain payoff − and in which the sensitivity of observed risk choices to environmental factors could be explored. The results show that girls from single-sex schools are as likely to choose the real-stakes gamble as much as boys from either coed or single sex schools, and more likely than coed girls. Moreover, gender differences in preferences for risk-taking are sensitive to the gender mix of the experimental group, with girls being more likely to choose risky outcomes when assigned to all-girl groups. This suggests that observed gender differences in behaviour under uncertainty found in previous studies might reflect social learning rather than inherent gender traits.
        KW  - gender identity
KW  - controlled experiment
KW  - risk aversion
KW  - risk attitudes
        ER  -