Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56786
Authors: 
Lehmann, Erik E.
Warning, Susanne
Year of Publication: 
2003
Series/Report no.: 
Diskussionsbeiträge: Serie 1, Universität Konstanz, Rechts-, Wirtschafts- und Verwaltungswissenschaftliche Sektion, Fachbereich Wirtschaftswissenschaften 325
Abstract: 
In order to analyse whether women and men differ in their decision making under risk and uncertainty, we use data from the game show 'Who Wants to be a Millionaire?'. It turns out that i) there are gender differences in choosing a lottery or a certain value only for 'largestakes' lotteries, ii) the decision making process differs significantly between 'small' and 'large' stake lotteries for both women and men, and iii) people with lower income tend to react more reluctant to choose a kind of certain value in order of a lottery. The results hold even after controlling for socio-economic variables.
Subjects: 
Decision-making under uncertainty
Gender differences
gambling
JEL: 
D81
J16
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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