Gender differences in asset information acquisition

Matthew P. Taylor, David Wozniak

Research output: Contribution to journalArticlepeer-review

Abstract

Using an experiment, we test whether men acquire information about investments differently than women. When information is costly, we find that men purchase more information about investment choices than females and more information increases the likelihood of owning the risky asset. The information that subjects purchase suggests they are searching for reference points to simplify their decisions and reduce ambiguity. As a robustness check, we also examine behavior in a modified Holt and Laury risk preference task and find that men and women acquire information differently in that setting as well.

Original languageEnglish
Pages (from-to)19-29
Number of pages11
JournalJournal of Behavioral and Experimental Finance
Volume20
DOIs
StatePublished - Dec 2018

Keywords

  • Decision making
  • Gender differences
  • Information acquisition
  • Risk

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