Women from Western countries are more in favor of income redistribution than men. This gender discrepancy is only evident when earnings are uncertain and depend on one's own performance. While men are usually over-optimistic about their performance,...

Women in Western societies are typically more risk averse than men in individual risk taking decisions. In real life, however, risk taking decisions are usually made in a social context. So far, empirical evidence whether gender differences are also...

This paper studies the impact of different outcome correlation structures on gender differences in ambiguity aversion. We conducted an investment game with two separate treatments. In the uncorrelated treatment, the outcomes of the investment game...

The present paper contributes to the controversy regarding gender differences in risk taking by investigating the impact of social comparison. Social comparison is formalized by integrating a social reference point into the model of Köszegi and...