Do women panic more than men? an experimental study of financial decisions

Kiss, Hubert Janos and Rodriguez-Lara, Ismael and Rosa-García, Alfonso (2014) Do women panic more than men? an experimental study of financial decisions. Journal of Behavioral and Experimental Economics, 52 . pp. 40-51. ISSN 2214-8043

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We report experimental evidence on gender differences in financial decision-making that involves three depositors choosing whether to keep their money deposited or to withdraw it. We find that one's position in the line, the fact that one is being observed and observed decisions are key determinants in explaining the subjects’ behavior. Our main result is that men and women do not react differently to what is observed. However, there are gender differences regarding the effect of being observed: women value the fact of being observed more, while men value the number of subsequent depositors who observe them. Interestingly, risk aversion has no predictive power on depositors’ behavior.

Item Type: Article
Additional Information: Available online 24 June 2014
Research Areas: A. > Business School > Economics
Item ID: 14519
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Depositing User: Ismael Rodriguez-Lara
Date Deposited: 27 Mar 2015 13:29
Last Modified: 11 Aug 2017 15:00

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