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Gender differences in overconfidence and risk taking: Do self-selection and socialization matter?

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  • Hardies, Kris
  • Breesch, Diane
  • Branson, Joël

Abstract

In a large-scale laboratory experiment, we investigate gender differences in overconfidence and risk taking. Our results show that (self-)selection and socialization can eliminate the gender difference in overconfidence, but they appear insufficient to create environments in which women are as risk loving as men.

Suggested Citation

  • Hardies, Kris & Breesch, Diane & Branson, Joël, 2013. "Gender differences in overconfidence and risk taking: Do self-selection and socialization matter?," Economics Letters, Elsevier, vol. 118(3), pages 442-444.
    • Handle: RePEc:eee:ecolet:v:118:y:2013:i:3:p:442-444
    DOI: 10.1016/j.econlet.2012.12.004
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    References listed on IDEAS

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    1. Bertrand, Marianne, 2011. "New Perspectives on Gender," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 17, pages 1543-1590, Elsevier.
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    More about this item

    Keywords

    Gender differences; Risk taking; Overconfidence; Self-selection; Socialization;
    All these keywords.

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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