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Do "Birds of a Feather Flock Together?" Gender Differences in Decision-making Homophily of Friendships

Author

Listed:
  • James Alm

    (Tulane University)

  • Weizheng Lai

    (University of Maryland, College Park)

  • Xun Li

    (Wuhan University)

  • Peiwen Yuan

    (Peking University)

Abstract

“Homophily” – the tendency of individuals to associate with others who are similar – is considered as a key determinant of friendships. Most studies focus on the homophily of friendships as measured by demographic characteristics. In this paper, we explore patterns of homophily as measured by risk preferences and social preferences, both of which are elicited from a large-scale laboratory experiment. Our focus is on gender differences in homophily, which are examined by testing for behavioral gaps in friendship formation within a pair of same-gender friends in a series of decision-making tasks. We find significant gender differences in homophily: among males, friendship appears along with similar patterns in social decision-making, while females are more likely to become friends with those who exhibit different patterns of decision-making. Our findings are consistent across various robustness checks. We conclude by proposing potential explanations for these gender differences.

Suggested Citation

  • James Alm & Weizheng Lai & Xun Li & Peiwen Yuan, 2024. "Do "Birds of a Feather Flock Together?" Gender Differences in Decision-making Homophily of Friendships," Working Papers 2412, Tulane University, Department of Economics.
  • Handle: RePEc:tul:wpaper:2412
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    File URL: http://repec.tulane.edu/RePEc/pdf/tul2412.pdf
    File Function: First Version, December 2024
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    More about this item

    Keywords

    Homophily; Friendship Formation; Risk Preferences; Social Preferences; Gender Differences;
    All these keywords.

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • 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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