Booth, Alison L and Nolen, Patrick J Salience, Risky Choices and Gender. UNSPECIFIED. UNSPECIFIED.

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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)
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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