Marín, Carmen and Rosa-García, Alfonso (2011): Gender bias in risk aversion: evidence from multiple choice exams.
Download (275kB) | Preview
We provide evidence on a gender bias in risk aversion among students of economics in Spain. In a sample of 1947 multiple choice exams with penalization for errors, we find that women consistently answer less questions, while differences in marks are not significant. These empirical results are consistent with a recent theoretical prediction of the effect of risk aversion in test exams. This finding shows that women can suffer a disadvantage with this kind of exams widely used in education.
|Item Type:||MPRA Paper|
|Original Title:||Gender bias in risk aversion: evidence from multiple choice exams|
|Keywords:||gender differences; risk aversion; multiple choice|
|Subjects:||A - General Economics and Teaching > A2 - Economics Education and Teaching of Economics > A22 - Undergraduate
I - Health, Education, and Welfare > I2 - Education and Research Insititutions > I21 - Analysis of Education
J - Labor and Demographic Economics > J1 - Demographic Economics > J16 - Economics of Gender; Non-labor Discrimination
|Depositing User:||Alfonso Rosa-Garcia|
|Date Deposited:||10. Jul 2012 09:49|
|Last Modified:||20. Feb 2013 06:06|
Ballard, C. and M. Johnson (2005): "Gender, expectations, and grades in introductory microeconomics at a US university", Feminist Economics, 11(1): 95-122.
Burgos, A. (2004): "Guessing and gambling", Economics Bulletin, 4 (4), 1-10.
Croson, R. and U. Gneezy, (2009): "Gender differences in preferences", Journal of Economic Literature, 47 (2) (2009), pp. 1--27.
Espinosa, M. P. and J. Gardeazábal (2010): "Optimal correction for guessing in multiple-choice tests", Journal of Mathematical Psychology 54, 415 425
Gohmann, Stephan F. and Lee C. Spector (1989): "Test scrambling and student performance", Journal of Economic Education, 20, 235--238.
Guiso, L., F. Monte, P. Sapienza and L. Zingales (2008): "Culture, gender, and math", Science, 320, 1164--1165.
Hedges, L. V. and A. Nowell (1995): "Sex differences in mental test scores, variability, and numbers of high-scoring individuals", Science, 269, 41-45
Machin, S. and T. Pekkarinen (2008): "Global sex differences in test score variability", Science, 322, 1331--1332.
Makridou-Bousiou, Despina (2006): "Gender differences in economic knowledge in Greece", International Business & Economics Research Journal, 5, 35-41
Siegfried, John (1979): "Male-Female differences in economic education: a survey", Journal of Economic Education, Vol. 10, 1-11.