Kiss, Hubert János and Rodriguez-Lara, Ismael and Rosa-García, Alfonso (2014) Do women panic more than men? JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS, 52. pp. 40-51. ISSN 2214-8043
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Abstract
We report experimental evidence on gender differences in financial decision-making that involves three depositors choosing whether to keep their money deposited or to withdraw it. We find that one's position in the line, the fact that one is being observed and observed decisions are key determinants in explaining the subjects' behavior. Our main result is that men and women do not react differently to what is observed. However, there are gender differences regarding the effect of being observed: women value the fact of being observed more, while men value the number of subsequent depositors who observe them. Interestingly, risk aversion has no predictive power on depositors' behavior. (C) 2014 Elsevier Inc. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Games; aversion; NETWORKS; retirement; DEPOSIT INSURANCE; Risk-Taking; GENDER-DIFFERENCES; BANK RUNS; coordination; Experimental evidence; STRATEGIC UNCERTAINTY; Gender difference; Bank run |
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| SWORD Depositor: | MTMT SWORD |
| Depositing User: | MTMT SWORD |
| Date Deposited: | 01 Mar 2016 16:18 |
| Last Modified: | 01 Mar 2016 16:18 |
| URI: | http://real.mtak.hu/id/eprint/33922 |
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