Thar SHE Blows? Gender, Competition, and Bubbles in Experimental Asset Markets
until further notice
SourceAmerican Economic Review, 105, 2, (2015), pp. 906-920
Article / Letter to editor
Display more detailsDisplay less details
Financiële economie en ondernemingsfinanciering
American Economic Review
SubjectDistributional Conflicts in a Globalizing World: Consequences for State-Market-Civil Society Arrangements
Do women and men behave differently in financial asset markets? Our results from an asset market experiment using the Smith, Suchaneck, and Williams (1988) framework show marked gender difference in producing speculative price bubbles. Using 35 markets from different studies, a meta-analysis confirms the inverse relationship between the magnitude of price bubbles and the frequency of female traders in the market. Women’s price forecasts also are much lower, even in the first period. Additional analysis shows the results are not due to differences in risk aversion, personality, or math skills. Implications for financial markets and experimental methodology are discussed.
Upload full text
Use your RU credentials (u/z-number and password) to log in with SURFconext to upload a file for processing by the repository team.