Title
Gender differences in revealed risk taking: evidence from mutual fund investors
Abbreviated Journal Title
Econ. Lett.
Keywords
risk taking; gender differences; Economics
Abstract
Using data from a national survey of nearly 2000 mutual fund investors, we investigate whether investor gender is related to risk taking as revealed in mutual fund investment decisions. Consonant with the received literature, we find that women exhibit less risk-taking than men in their most recent, largest, and riskiest mutual fund investment decisions. More importantly, we find that the impact of gender on risk taking is significantly weakened when investor knowledge of financial markets and investments is controlled in the regression equation. This result suggests that the greater level of risk aversion among women that is frequently documented in the literature can be substantially, but not completely, explained by knowledge disparities. (C) 2002 Elsevier Science B.V. All rights reserved.
Journal Title
Economics Letters
Volume
76
Issue/Number
2
Publication Date
1-1-2002
Document Type
Article
Language
English
First Page
151
Last Page
158
WOS Identifier
ISSN
0165-1765
Recommended Citation
"Gender differences in revealed risk taking: evidence from mutual fund investors" (2002). Faculty Bibliography 2000s. 3174.
https://stars.library.ucf.edu/facultybib2000/3174