Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108348
Authors: 
Kiss, Hubert J.
Rodriguez-Lara, Ismael
Rosa-Garcia, Alfonso
Year of Publication: 
2014
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2014/6
Abstract: 
We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to explain subjects' behavior. Although both men and women value being observed, it has a greater effect on women’s decisions. Observing a withdrawal increases the likelihood of withdrawal but women and men do not react differently to what is observed, so they are equally likely to panic if a bank run is already underway. Interestingly, risk aversion has no predictive power on depositors' behavior.
Subjects: 
bank run
gender difference
strategic uncertainty
experimental evidence
coordination
JEL: 
C91
D03
D8
G02
J16
ISBN: 
978-615-5447-15-0
Document Type: 
Working Paper

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