%0 Report %A Claussen, Jörg %A Czibor, Eszter %A Praag, Mirjam C. van %T Women Do Not Play Their Aces: The Consequences of Shying Away %D 2015 %8 2015 Dec %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 9612 %U https://www.iza.org/publications/dp9612 %X The underrepresentation of women at the top of hierarchies is often explained by gender differences in preferences. We find support for this claim by analyzing a large dataset from an online card game community, a stylized yet natural setting characterized by self-selection into an uncertain, competitive and male-dominated environment. We observe gender differences in playing behavior consistent with women being more averse towards risk and competition. Moreover, we demonstrate how "shying away" makes female players less successful: despite no gender gap in playing skills, women accumulate lower scores than men due to their relative avoidance of risky and competitive situations. %K gender %K preferences %K risk %K competition %K performance