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Salience, Risky Choices and Gender

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dc.contributor.authorBooth, Alison
dc.contributor.authorNolen, Patrick
dc.date.accessioned2015-12-08T22:26:42Z
dc.date.issued2012
dc.date.updated2016-02-24T11:12:30Z
dc.description.abstractRisk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience affects young men and women differently, even after controlling for cognitive and non-cognitive skills. Men are significantly more likely than women to switch from a certain to a risky choice once the upside of winning is made salient, even though the expected value of the choice remains the same.
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/1885/33741
dc.publisherElsevier
dc.sourceEconomics Letters
dc.subjectKeywords: Cognitive ability; Gender; J16; Probability weights; Risk aversion; Salience
dc.titleSalience, Risky Choices and Gender
dc.typeJournal article
local.bibliographicCitation.issue2 (Nov 2012)
local.bibliographicCitation.lastpage520
local.bibliographicCitation.startpage517
local.contributor.affiliationBooth, Alison, College of Business and Economics, ANU
local.contributor.affiliationNolen, Patrick, University of Essex
local.contributor.authoruidBooth, Alison, u4043220
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140104 - Microeconomic Theory
local.identifier.absfor140206 - Experimental Economics
local.identifier.absseo910209 - Preference, Behaviour and Welfare
local.identifier.ariespublicationu4602557xPUB105
local.identifier.citationvolume117
local.identifier.doi10.1016/j.econlet.2012.06.046
local.identifier.scopusID2-s2.0-84864218190
local.identifier.thomsonID000309646500036
local.type.statusPublished Version

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