Gender Differences in Asset Information Acquisition

Forthcoming in Journal of Behavioral and Experimental Finance

42 Pages Posted: 16 Mar 2018

See all articles by Matthew Paul Taylor

Matthew Paul Taylor

University of Montana - School of Business Administration - Department of Economics

David Wozniak

Eastern Michigan University - Accounting and Finance

Date Written: January 11, 2018

Abstract

Using an experiment, we test whether men acquire information about investments differently than women. When information is costly, we find that men purchase more information about investment choices than females and more information increases the likelihood of owning the risky asset. The information that subjects purchase suggests they are searching for reference points to simplify their decisions and reduce ambiguity. As a robustness check, we also examine behavior in a modified Holt and Laury risk preference task and find that men and women acquire information differently in that setting as well.

Keywords: information acquisition, gender differences, decision making, risk

JEL Classification: C91, D80, D83, G40, J16

Suggested Citation

Taylor, Matthew Paul and Wozniak, David, Gender Differences in Asset Information Acquisition (January 11, 2018). Forthcoming in Journal of Behavioral and Experimental Finance. Available at SSRN: https://ssrn.com/abstract=3139986

Matthew Paul Taylor

University of Montana - School of Business Administration - Department of Economics ( email )

Liberal Arts 407
Missoula, MT 59808
United States

David Wozniak (Contact Author)

Eastern Michigan University - Accounting and Finance ( email )

COLLEGE OF BUSINESS
EASTERN MICHIGAN UNIVERSITY
YPSILANTI, MI 48197
United States
734.487.3320 (Phone)

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