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Title:Salience, risky choices and gender PDF Logo
Authors:Booth, Alison L.
Nolen, Patrick J.
Issue Date:2012
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6400
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.
Subjects:gender
salience
risk-aversion
probability weights
cognitive ability
JEL:D8
D81
J16
Persistent Identifier of the first edition:urn:nbn:de:101:1-201206146846
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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