AN EXPERIMENTAL TEST OF THE PERSISTENCE OF GENDER-BASED STEREOTYPES

Authors

  • PHILIP J. GROSSMAN,

    1. Grossman: Department of Economics, Saint Cloud State University, 720 4th Avenue South, St. Cloud, MN 56301. Phone 320-308-4232
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  • OLEKSANDR LUGOVSKYY

    1. Lugovskyy: Ph.D. Student, Economics Department, 415 Snow Hall, University of Kansas, 1460 Jayhawk Blvd., Lawrence, KS 66045. Phone 785-864-2887
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    • This research was supported by a grant from the John D. and Catherine T. MacArthur Foundation Network on Preferences and Norms and an SCSU Faculty Research Grant. We thank Catherine C. Eckel, John Kulas, Orn Bodvarsson, and two anonymous referees for their helpful comments and Rick Wilson for his programming assistance.


Abstract

This paper experimentally investigates the role of gender-based stereotypes in the forecasting of risk attitudes. Subjects predict the gamble choice of target subjects in one of three treatments: (1) Visual—the predictor can only observe the target; (2) Information—the predictor has individuating information about the targets' response to two statements from a risk-preference survey; and (3) Combined—the predictor both observes the targets and has the targets' two responses to the risk-preference survey. Our results suggest that stereotypes play a considerable role in forming predictions about others' risk attitudes and that these stereotypes persist even when individuating information is available. (JEL C91, D8, J16)

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