Gender differences in risk attitudes have recently been shown to be context-dependent rather than ubiquitous. We manipulate three widely used risk elicitation tasks to test whether the presence of a safe option among the set of alternatives can explain the heterogeneity of the findings. We find that the availability of a safe option induces significant effects in two out of three tasks. Despite the well-known instability of elicited risk preferences, we show with a structural model that the effect on risk attitudes is rather stable across tasks, but not sufficiently strong to reach traditional significance levels.
Safe options and gender differences in risk attitudes / P. Crosetto, A. Filippin. - In: JOURNAL OF RISK AND UNCERTAINTY. - ISSN 1573-0476. - 66:1(2023 Feb), pp. 19-46. [10.1007/s11166-022-09400-0]
Safe options and gender differences in risk attitudes
P. Crosetto
Primo
;A. Filippin
Ultimo
2023
Abstract
Gender differences in risk attitudes have recently been shown to be context-dependent rather than ubiquitous. We manipulate three widely used risk elicitation tasks to test whether the presence of a safe option among the set of alternatives can explain the heterogeneity of the findings. We find that the availability of a safe option induces significant effects in two out of three tasks. Despite the well-known instability of elicited risk preferences, we show with a structural model that the effect on risk attitudes is rather stable across tasks, but not sufficiently strong to reach traditional significance levels.File | Dimensione | Formato | |
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