Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27201
Authors: 
Beckmann, Daniela
Menkhoff, Lukas
Year of Publication: 
2008
Series/Report no.: 
Discussion papers // School of Economics and Management of the Hanover Leibniz University 391
Abstract: 
There are robust gender differences in the domains of risk taking, overconfidence and competition behavior. However, as expertise tends to level these differences, we ask whether financial experts still show gender dissimilarities in their domains of decision making? We analyze survey responses of 649 fund managers in the U.S., Germany, Italy and Thailand, and find that female fund managers tend to behave as expected from gender studies: they are more risk averse and shy away from competition in the tournament scenario. The expected lower degree of overconfidence by women is yet so small that it becomes insignificant in fund management.
Subjects: 
fund managers
gender differences
risk
overconfidence
tournament behavior
JEL: 
J16
G23
D8
Document Type: 
Working Paper

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