Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171462
Authors: 
Schubert, Renate
Gysler, Matthias
Brown, Martin
Brachinger, Hans-Wolfgang
Year of Publication: 
2000
Series/Report no.: 
Economics Working Paper Series 00/17
Abstract: 
On the one hand, empirical evidence shows that in financial markets women seem to behave more risk averse than men. On the other hand there is experimental showing that in risky decisions controlled for opportunity sets only the context matters. In investment and insurance contexts with given probabilities women seem to expose approximately the same risk aversion as men. However, in real-life decisions the probability information is rather ambiguous. Therefore also the framing of information may be important. We conducted a lottery experiment introducing three types of probability information: pure risk, weak ambiguity and strong ambiguity. Our main result is that gender differences may arise in ambiguity frames: women are more ambiguity averse than men in the investment context, but not in the insurance context.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.