1st Edition

Gender and Risk-Taking Economics, Evidence, and Why the Answer Matters

By Julie A. Nelson Copyright 2018
156 Pages 20 B/W Illustrations
by Routledge

156 Pages 20 B/W Illustrations
by Routledge

156 Pages 20 B/W Illustrations
by Routledge

The belief that men and women have fundamentally distinct natures, resulting in divergent preferences and behaviours, is widespread . Recently, economists have also engaged in the search for gender differences, with a number claiming to find fundamental gender differences regarding risk-taking, altruism, and competition. In particular, the idea that "women are more risk-averse than men" has... Read more

Dedication

List of Figures and Tables

Acknowledgements

Introduction

Part I. To Understand the Answer, You First Have to Have a Clear Question

Chapter 1. The Better Question: How Much Different and How Much Similar

Chapter 2. Why We Get Stuck on the Bad Question

Chapter 3. Statistical Tools for Analyzing Similarity and Difference

Chapter 4. Statistical Tools for Inference and the Detection of Bias

Part II. Evidence about Risk Behavior: Little Difference, Much Similarity

Chapter 5. Difference and Similarity in 35 Scholarly Works

Chapter 6. Difference and Similarity in 37 Investment Game Studies

Part III. Evidence about Stereotyping and Confirmation Bias: Rampant

Chapter 7. Stereotyping and Research Participants

Chapter 8. Confirmation Bias Among Researchers in 35 Scholarly Works

Chapter 9. Confirmation Bias and the Review of 37 Investment Game Studies

Part IV. Why It Matters

Chapter 10. Presumed Timidity: Consequences for Women

Chapter 11. Recklessness: The (Masculine) Gendering of Commerce and Finance

Chapter 12. Fearing Fear: The (Masculine) Gendering of Economics and Policy

Conclusion

Index

Biography

Julie A. Nelson is Professor of Economics at the University of Massachusetts Boston and Senior Research Fellow at the Global Development and Environment Institute at Tufts University, USA.

'Julie Nelson’s new book is a rigorously academic bombshell, exploding the social science purportedly demonstrating that attitudes to risk meaningfully differ by gender. In clear and engaging prose, Professor Nelson authoritatively demonstrates how confirmation bias has tainted academic research on this topic, and in the process clarifies both the methodologies capable of revealing how stereotypes undermine the practice of science and the pernicious, real-world consequences.' — Mary C. King, Professor Emerita of Economics, Portland State University, USA

‘A rigorous and important debunking of the notion of fundamental sex differences in financial risk-taking, and a fascinating exploration of the gendering of economic thinking.’ — Cordelia Fine, Professor of History & Philosophy of Science, University of Melbourne, Australia

Gender and Risk-Taking offers a model for how to discipline the cumulation of scientific knowledge. In this careful re-examination, Julie Nelson shows how tentative and modest in scope and statistical strength, the evidence on gender differences in risk-taking actually is.’ — Colin F. Camerer, Robert Kirby Prof. of Behavioral Economics, Caltech, USA

"Nelson provides an extremely clear explanation of the methods for comparing groups’ characteristics, written at an undergraduate level and thus accessible to anyone with some understanding of statistics. The book is available in paperback and e-book formats, and the short chapters make it ideal for teaching. Part I should be assigned to students in every statistics course." -Cordelia W. Reimers, Hunter College and the Graduate School of the City University of New York.