Gender Differences in Risk-Taking: Evidence from Professional Basketball

That is a new paper by René Böheim, Christoph Freudenthaler, and Mario Lackner, the abstract is to the point:

We analyze gender differences in risk-taking in high-pressure situations. Using novel data from professional athletes (NBA and WNBA), we find that male teams increase their risk-taking towards the end of matches when a successful risky strategy could secure winning the match. Female teams, in contrast, reduce their risk-taking in these situations. The less time left in a match, the larger is the gap. When the costs of an unsuccessful risky strategy are very large (losing the tournament), we find no increase in risk-taking for male teams.

This is consistent with the broader portfolio evidence on risk-taking.  For the pointer I thank the excellent Kevin Lewis.


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