Booth, AlisonNolen, Patrick2015-12-080165-1765http://hdl.handle.net/1885/33741Risk 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.Keywords: Cognitive ability; Gender; J16; Probability weights; Risk aversion; Salience201210.1016/j.econlet.2012.06.0462016-02-24