Calendrier du 06 octobre 2014
Roy Seminar (ADRES)
Du 06/10/2014 de 17:00 à 18:15
MSE (106-112, boulevard de l'Hôpital - Salle du 6ème étage) 75647 PARIS cedex 13
HOPKINS Ed (EDINBURGH SCHOOL OF ECONOMICS)
Inequality, Gender and Risk-Taking Behaviour
This paper investigates social influences on attitudes to risk and offers a theoretical explanation of how risk-taking varies with gender, relative position and inequality. Individuals about to participate in a tournament may take fair gambles even though they are risk averse in both consumption and tournament rewards. While this risk-taking is increasing in the equality of initial endowments, it is found here that it is increasing in the inequality of rewards in the tournament. Indeed, the poorest will be risk loving if the value of the worst reward is sufficiently low. Further, the level of equality of wealth that is compatible with stability, that is gives no incentive to gamble, is increasing in the equality of rewards. Thus, inequality in rewards can cause inequality in wealth. Finally, in a marriage-matching version of the tournament, it is found that the more numerous gender will be more risk taking.
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 06/10/2014 de 12:00 à 13:00
MSE Room S19
PEDRONO Justine (AIX MARSEILLE SCHOOL OF ECONOMICS)
Banking leverage with two funding currencies