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Playing it Safe: Men, Women, and Risk Aversion

Author

Listed:
  • Catherine C. Eckel
  • Philip J. Grossman
  • Nancy Lutz
  • V. Padmanbhan

Abstract

Using data on mens' and womens' decisions to purchase extended warranties for computers, the authors find that women are more risk averse than men-they are more likely to purchase warranties, all else constant (including their perceptions of risk).

Suggested Citation

  • Catherine C. Eckel & Philip J. Grossman & Nancy Lutz & V. Padmanbhan, 1997. "Playing it Safe: Men, Women, and Risk Aversion," Monash Economics Working Papers archive-42, Monash University, Department of Economics.
    • Handle: RePEc:mos:moswps:archive-42
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    Cited by:

    1. Scotchmer, Suzanne, 2003. "Affirmative Action in Hierarchies," Department of Economics, Working Paper Series qt2tt598kt, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    2. William Harbaugh & Kate Krause & Lise Vesterlund, 2002. "Risk Attitudes of Children and Adults: Choices Over Small and Large Probability Gains and Losses," Experimental Economics, Springer;Economic Science Association, vol. 5(1), pages 53-84, June.
    3. ,, 2008. "Risk taking and gender in hierarchies," Theoretical Economics, Econometric Society, vol. 3(4), December.
    4. James Andreoni & Lise Vesterlund, 2001. "Which is the Fair Sex? Gender Differences in Altruism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 293-312.

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