Gender Differences in Overconfidence and Risk Taking: Do Self-Selection and Socialization Matter?

Hardies, Kris; Breesch, Diane; Branson, Joël

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Gender Differences in Overconfidence and Risk Taking: Do Self-Selection and Socialization Matter?

Economics Letters, Vol. 118, No. 3, 2012

13 Pages Posted: 21 Apr 2013

See all articles by Kris Hardies

Joël Branson

Vrije Universiteit Brussel VUB

Date Written: December 12, 2012

Abstract

In a large-scale laboratory experiment, we investigate gender differences in overconfidence and risk taking. Our results show that (self-)selection and socialization can eliminate the gender difference in overconfidence, but they appear insufficient to create environments in which women are as risk loving as men.

Keywords: Gender differences, Risk taking, Overconfidence, Self-selection, Socialization

JEL Classification: J2, J16, J24

Suggested Citation: Suggested Citation

Hardies, Kris and Breesch, Diane and Branson, Joël, Gender Differences in Overconfidence and Risk Taking: Do Self-Selection and Socialization Matter? (December 12, 2012). Economics Letters, Vol. 118, No. 3, 2012, Available at SSRN: https://ssrn.com/abstract=2254292