Do women panic more than men? an experimental study of financial decisions

Article

Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2014. Do women panic more than men? an experimental study of financial decisions. Journal of Behavioral and Experimental Economics. 52, pp. 40-51. https://doi.org/10.1016/j.socec.2014.06.003
TypeArticle
TitleDo women panic more than men? an experimental study of financial decisions
AuthorsKiss, H., Rodriguez-Lara, I. and Rosa-García, A.
Abstract

We report experimental evidence on gender differences in financial decision-making that involves three depositors choosing whether to keep their money deposited or to withdraw it. We find that one's position in the line, the fact that one is being observed and observed decisions are key determinants in explaining the subjects’ behavior. Our main result is that men and women do not react differently to what is observed. However, there are gender differences regarding the effect of being observed: women value the fact of being observed more, while men value the number of subsequent depositors who observe them. Interestingly, risk aversion has no predictive power on depositors’ behavior.

PublisherElsevier
JournalJournal of Behavioral and Experimental Economics
ISSN2214-8043
Publication dates
Online24 Jun 2014
Print01 Oct 2014
Publication process dates
Deposited27 Mar 2015
Accepted16 Jun 2014
Output statusPublished
Accepted author manuscript
License
Copyright Statement

© 2014. This author's accepted manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.socec.2014.06.003
LanguageEnglish
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Accepted author manuscript
JSE-D-13-00149R3.pdf
License: CC BY-NC-ND 4.0

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