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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. 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.
    2. ,, 2008. "Risk taking and gender in hierarchies," Theoretical Economics, Econometric Society, vol. 3(4), December.
    3. 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.
    4. 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.

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