Gender differences in the endowment effect: Women pay less, but won’t accept less
Abstract
We explore different contexts and mechanisms that might promote or alleviate the gender effect in risk aversion. Our main result is that we do not find gender differences in risk aversion when the choice is framed as a willingness-to-accept (WTA) task. When the choice is framed as a willingness-to-pay (WTP) task, men are willing to pay more and thus exhibit lower risk aversion. However, when the choice is framed as a willingness to accept task,...
Paper Details
Title
Gender differences in the endowment effect: Women pay less, but won’t accept less
Published Date
Nov 1, 2014
Journal
Volume
9
Issue
6
Pages
558 - 571
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