Research finds men take more risks on spending decisions when the prospects of financial returns are unknown ucsandiego
, uncertain financial decisions. However, it also shows a key difference: as information is added, men tend to interpret it favorably, which in turn convinces them to increase the amount of money they're willing to invest.
Participants in the in-person experiments were asked to play games involving actual cash stakes. For each game, they considered a bag filled with 100 red and blue poker chips. Participants had to choose how much they were willing to pay—up to $10 for a"ticket" to play a game where awould be drawn from the bag. If a red chip was drawn, they would win $20. If a blue chip was drawn, they'd win nothing. However, players did not know how much of each color was in the bag.
The results revealed that when there is little information overall, both men and women are wary about spending, but the more information you give men—good or bad—the more they pay compared to women. As the total amount of information increases, the gap in behavior continues to widen.
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