@techreport{Booth2012Salience,
abstract = {Risk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience affects young men and women differently, even after controlling for cognitive and non-cognitive skills. Men are significantly more likely than women to switch from a certain to a risky choice once the upside of winning is made salient, even though the expected value of the choice remains the same.},
address = {Bonn},
author = {Alison L. Booth and Patrick J. Nolen},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D8; D81; J16; 330; gender; salience; risk-aversion; probability weights; cognitive ability; Risikopr\"{a}ferenz; Kognition; Geschlecht; Test},
language = {eng},
note = {urn:nbn:de:101:1-201206146846},
number = {6400},
publisher = {IZA},
title = {Salience, risky choices and gender},
type = {Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit},
url = {http://hdl.handle.net/10419/58613},
year = {2012}
}
