This paper demonstrates gender differences in risk aversion and ambiguity aversion. It\nalso contributes to a growing literature relating economic preference parameters to\npsychological measures by asking whether variations in preference parameters among\npersons, and in particular across genders, can be accounted for by differences in\npersonality traits and traits of cognition. Women are more risk averse than men. Over an\ninitial range, women require no further compensation for the introduction of ambiguity but men do. At greater levels of ambiguity, women have the same marginal distaste for increased ambiguity as men. Psychological variables account for some of the interpersonal variation in risk aversion. They explain none of the differences in ambiguity.
Stored only when both papers are in the corpus — 22 citations exist upstream.