Gender differences in optimism and asset allocation

  • Jacobsen B
  • Lee J
  • Marquering W
 et al. 
  • 45


    Mendeley users who have this article in their library.
  • 13


    Citations of this article.


We investigate two alternative explanations why men may hold more stocks than women do. Apart from the traditional explanation of a gender difference in risk aversion, gender differences in either optimism or in perceived risk of financial markets might cause men to hold riskier assets. Our results show that men tend to be significantly more optimistic than women regarding a broad range of issues, including the economy and financial markets. After we take differences in optimism into account, systematic gender differences in asset allocations disappear.

Author-supplied keywords

  • Asset allocation
  • Consumer confidence
  • Economic indicators
  • Gender difference
  • Optimism
  • Risk aversion

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document


Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free