@article{Nelson:179104,
      recid = {179104},
      author = {Nelson, Julie A.},
      title = {Are Women Really More Risk-Averse than Men?},
      address = {2012-09},
      number = {1434-2016-118863},
      series = {GDAE Working Papers Series},
      year = {2012},
      abstract = {While a substantial literature in economics and finance  has concluded that women are more risk averse than men,  this conclusion merits reconsideration. Drawing on  literatures in statistics and cognitive science, this essay  discusses the important difference between drawing  conclusions based on statistical inference, which concerns  aggregates such as mean scores, and generalization, which  posits characteristics of individuals classified into  kinds. To supplement findings of statistical significance,  quantitative measures of substantive difference (Cohen's d)  and overlap (the Index of Similarity) are computed from the  data on men, women, and risk used in 28 published articles.  The results are considerably more mixed and overlapping  than might be expected. Paying attention to empirical  evidence that challenges subjective cultural beliefs about  sex and risk has implications for labor economics, finance,  and the economics of climate change.},
      url = {http://ageconsearch.umn.edu/record/179104},
      doi = {https://doi.org/10.22004/ag.econ.179104},
}