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Does gender moderate the influence of emotions on risk-taking? A robustness check

Author

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  • Matteo M. Marini

    (Department of Public Economics, Masaryk University, Brno, Czech Republic)

Abstract

This paper is a follow-up investigation to the aggregate data meta-analysis by Marini (2021), the latter study being designed to detect what experimental protocols moderate the effect of emotions on risk-taking. Our work purports to check the robustness of Marini (2021)’s findings when gender is taken into account as a moderator, as well as to make a contribution to the debate about the role of national culture in risky decision making. The goal is pursued by pooling individual participant data from the subset of studies that make use of multiple price lists as risk elicitation method. We find that gender does not moderate the influence of emotions on risk propensity and we successfully replicate evidence that sadness promotes risk aversion, the use of financial incentives lowers data variability, and subjects take greater risks when studies are conducted in individualist countries. After ruling out the influence of emotions, we still find support for a positive link between individualism and risk-seeking.

Suggested Citation

  • Matteo M. Marini, 2022. "Does gender moderate the influence of emotions on risk-taking? A robustness check," Working Papers 2022/04, Economics Department, Universitat Jaume I, Castellón (Spain).
    • Handle: RePEc:jau:wpaper:2022/04
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    References listed on IDEAS

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    Cited by:

    1. Matteo M. Marini, 2022. "20 years of emotions and risky choices in the lab: A meta-analysis," Working Papers 2022/03, Economics Department, Universitat Jaume I, Castellón (Spain).

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    More about this item

    Keywords

    meta-analysis; gender differences; emotion; risk-taking; individualism;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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