Chris Brooks|Ivan Sangiorgi|Carola Hillenbrand|Kevin Money
Experience wears the trousers: Exploring gender and attitude to financial risk
ICMA Centre|University of Reading|ICMA Centre|University of Reading|Henley College|Henley College
men tolerant investment risk women paper examine gender differences attitudes financial risk using large database questionnaires completed context real investment decisions find men financially risk tolerant women difference cannot explained differences age employment patterns effect versus outofwork however find previous investment experience plays significant explanatory role also observe following discussion financial advisor riskiness investment products selected women modified greater extent revealed risk preferences men also find risk tolerances wives husbands differ visit advisor together preferences man stronger effect finally selected joint product wife risk tolerant husband lower status job less financial experience research provides new evidence reasons women take less financial risk men outcomes result men women interact decisionmaking process