Booth, Alison L and Nolen, Patrick J Salience, Risky Choices and Gender. UNSPECIFIED. UNSPECIFIED.
Full text not available from this repository.Abstract
Risk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience affects young men and women differently, even after controlling for cognitive and non-cognitive skills. Men are significantly more likely than women to switch from a certain to a risky choice once the upside of winning is made salient, even though the expected value of the choice remains the same.
Item Type: | Monograph (UNSPECIFIED) |
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Uncontrolled Keywords: | D8; D81; J16; cognitive ability; salience; risk-aversion; gender; probability weights |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Elements |
Depositing User: | Elements |
Date Deposited: | 14 Jan 2015 12:23 |
Last Modified: | 06 Jan 2022 11:50 |
URI: | http://repository.essex.ac.uk/id/eprint/12289 |
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