Work detail

On the Nature of Gender Differences in Attitudes to Risk

Author: Bc. Zdeněk Sýkora
Year: 2015 - summer
Leaders: PhDr. Lubomír Cingl Ph.D.
Work type: Bachelors
Language: English
Pages: 55
Awards and prizes:
Abstract: Despite a number of studies demonstrating that women are more risk averse than men,
this strong consensus has recently been questioned. In this thesis we discuss what may be the
reason for such contradicting outcomes. Firstly, we describe the most common elicitation
methods and compare them from the perspective of reporting gender differences in risk attitudes.
We also summarize current literature in the topic. Then we describe a design and analyze original
dataset from a survey experiment conducted with university students, mainly investigating
responses to a general risk question. We examine the role of variables that are different between
genders and can explain risk preferences to see whether the gender difference is robust. We
further focus on different dimensions of risk: we ask about risk taking in driving, financial,
sports, career, and health domains. Our findings show that the gender differences in risk
preferences are significant, ubiquitous, and can be detected by a simple survey measure, even
after controlling for additional characteristics that are known to play role in attitudes to risk and
differ between men and women. This applies for all studied domains except for the health one




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