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Gender Differences in Competitiveness and Risk-Taking Among Children, Teenagers, and College Students: Evidence from Jeopardy!

29 Pages Posted: 27 Dec 2017  

Michael Jetter

University of Western Australia; IZA

Jay K. Walker

Old Dominion University - Economics

Abstract

Studying competitiveness and risk-taking among Jeopardy! contestants in the US, this paper analyzes whether and how gender differences emerge with age and by gender of opponent. Our samples contain 186 children (aged 10–12), 310 teenagers (aged 13–17), and 299 undergraduate college students. We measure competitiveness via the likelihood of (i) winning an episode, (ii) responding to a clue (i.e., 'buzzing' in), and (iii) responding correctly to a clue. Risk-taking is assessed via Daily Double wagering decisions. We identify no noticeable gender differences in our competitive measures throughout all three samples, but this result changes when considering risk-taking. Although we identify no gender differences in wagering for children, males begin to wager substantially more as they become teenagers, leading to the emergence of the gender gap. In terms of magnitude, teenage girls wager 7.3 percentage points less of their maximum wager than teenage boys, equivalent to approximately $451. This gap persists for college students, albeit with a somewhat smaller magnitude of $297. Finally, male teenagers and college students wager substantially less when competing against females. In turn, the gender of opponents does not influence female competitive behavior and risk-taking.

Keywords: competitiveness, risk preferences, gender differences, performance under high pressure, gender of opponents

JEL Classification: D81, D91, G41, J16

Suggested Citation

Jetter, Michael and Walker, Jay K., Gender Differences in Competitiveness and Risk-Taking Among Children, Teenagers, and College Students: Evidence from Jeopardy!. IZA Discussion Paper No. 11201. Available at SSRN: https://ssrn.com/abstract=3092525

Michael Jetter (Contact Author)

University of Western Australia ( email )

35 Stirling Highway
Crawley, WA Western Australia 6009
AUSTRALIA

Jay Walker

Old Dominion University - Economics ( email )

Norfolk, VA 23529
United States

HOME PAGE: http://www.jaykwalker.com

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