Konferenzbeitrag
Gender behavior in betting markets
We extend gender research on risk behavior to betting markets. Our data set consists of all 5,136,660 bets in New Zealand from 2006 to 2009 and allows assigning each bet to individ-ual bettors. Women are much more prone to the favorite-longshot bias and suffer higher losses. Usually, betting on longshots is associated with higher variance of return, but we find that bet sizes are disproportionally decreasing in odds. Hence, the average risk when betting on longshots is in fact lower. This observation reconciles our findings with gender research on risk preferences and leads to new insights on the favorite-longshot bias.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Gender Economics ; No. D13-V2
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
Criteria for Decision-Making under Risk and Uncertainty
Portfolio Choice; Investment Decisions
- Thema
-
behavioral economics
behavioral finance
gender research
betting markets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Müller, Helge
Schumacher, Christoph
Feess, Eberhard
- Ereignis
-
Veröffentlichung
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Müller, Helge
- Schumacher, Christoph
- Feess, Eberhard
Entstanden
- 2011
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