Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58613
Authors: 
Booth, Alison L.
Nolen, Patrick J.
Year of Publication: 
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: 
Document Type: 
Working Paper

Files in This Item:
File
Size
242.88 kB





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