Gender differences in social risk taking

Journal article

Publication Details

Author(s): Friedl A, Pondorfer A, Schmidt U
Journal: Journal of Economic Psychology
Publication year: 2019
ISSN: 0167-4870


Women in Western societies are typically more risk averse than men in individual risk taking decisions. In real life, however, risk taking decisions are usually made in a social context. So far, empirical evidence whether gender differences are also present in the social risk taking domain is missing. We use a controlled experiment to analyze gender differences in social risk taking. We find that inequality aversion is the main driver for risk aversion in social risk taking. Disaggregating the data for males and females shows that this effect is mainly driven by strong inequality aversion of women. Moreover, by running the experiment with non-standard subjects from an egalitarian small-scale society, our results suggest that gender differences in social risk taking are culture-specific.

FAU Authors / FAU Editors

Friedl, Andreas Dr.
Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie

External institutions with authors

Christian-Albrechts-Universität zu Kiel
Rheinische Friedrich-Wilhelms-Universität Bonn

How to cite

Friedl, A., Pondorfer, A., & Schmidt, U. (2019). Gender differences in social risk taking. Journal of Economic Psychology.

Friedl, Andreas, Andreas Pondorfer, and Ulrich Schmidt. "Gender differences in social risk taking." Journal of Economic Psychology (2019).


Last updated on 2019-04-07 at 07:23