Strong Evidence for Gender Differences in Risk Taking

► We consider the results of 15 different studies on risk-taking in investment, each of which gathered data by gender. ► Each study used the same very simple and easy-to-comprehend mechanism for eliciting risk preferences. ► We find the extremely robust result that women are more risk averse than men. ► Most of the data were not collected in order to study gender differences, but rather to study other hypotheses regarding investment behavior, ameliorating the issue of publication bias with respect to gender results.