Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36303
Authors: 
Gerdes, Christer
Gränsmark, Patrik
Year of Publication: 
2010
Series/Report no.: 
IZA Discussion Papers 4793
Abstract: 
This paper aims to measure differences in risk behavior among expert chess players. The study employs a panel data set on international chess with 1.4 million games recorded over a period of 11 years. The structure of the data set allows us to use individual fixed-effect estimations to control for aspects such as innate ability as well as other characteristics of the players. Most notably, the data contains an objective measure of individual playing strength, the so-called Elo rating. In line with previous research, we find that women are more risk-averse than men. A novel finding is that males choose more aggressive strategies when playing against female opponents even though such strategies reduce their winning probability.
Subjects: 
Risk aversion
competitiveness
gender
culture
mixed-sex competition
JEL: 
J16
J70
J71
D03
Document Type: 
Working Paper

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