Carlos Cueva|Iñigo Iturbe-Ormaetxe|Giovanni Ponti|Josefa Tomás
Boys will still be boys: Gender differences in trading activity are not due to differences in (over)confidence
University of Alicante|University of Alicante|Libera Università Internazionale degli Studi Sociali Guido Carli|University of Alicante|University of Chicago|University of Alicante
fact men trade women financial markets attributed mens overconfidence however evidence supporting view indirect directly test conjecture experimentally measuring confidence using monetary incentives participants trade simulated market find men confident women trading task men also trade hold larger less diversified portfolios women however find differences confidence explain portion gender gap trading activity explore alternative candidate channels risk aversion financial literacy competitiveness find factors also unlikely play role