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Full-Text Articles in Social and Behavioral Sciences

Are Women Really More Risk-Averse Than Men? A Re-Analysis Of The Literature Using Expanded Methods, Julie Nelson Aug 2013

Are Women Really More Risk-Averse Than Men? A Re-Analysis Of The Literature Using Expanded Methods, Julie Nelson

Julie A. Nelson

While a substantial literature in economics and finance has concluded that “women are more risk averse than men,” this conclusion merits investigation. After briefly clarifying the difference between making generalizations about groups, on the one hand, and making valid inferences from samples, on the other, this essay suggests improvements to how economists communicate our research results. Supplementing findings of statistical significance with quantitative measures of both substantive difference (Cohen's d, a measure in common use in non-­‐Economics literatures) and of substantive overlap (the Index of Similarity, newly proposed here) adds important nuance to the discussion of sex differences. These measures …


Would Women Leaders Have Prevented The Global Financial Crisis? Teaching Critical Thinking By Questioning A Question, Julie Nelson Jun 2013

Would Women Leaders Have Prevented The Global Financial Crisis? Teaching Critical Thinking By Questioning A Question, Julie Nelson

Julie A. Nelson

Would having more women in leadership have prevented the financial crisis? This question, raised in the popular media, can make effective fodder for teaching critical thinking within courses such as gender and economics, money and financial institutions, pluralist economics, or behavioural economics. While the question, as posed, demands an answer of 'Yes - sex differences in traits are important' or 'No - gender is irrelevant', students can be encouraged to question the question itself. The first part of this essay briefly reviews literature on the sameness-versus-difference debate, noting that the belief in exaggerated behavioural differences between men and women is …


Not-So-Strong Evidence For Gender Differences In Risk, Julie Nelson Jan 2013

Not-So-Strong Evidence For Gender Differences In Risk, Julie Nelson

Julie A. Nelson

In their article "Strong Evidence for Gender Differences in Risk Taking," Gary Charness and Uri Gneezy (2012) review a number of experimental studies regarding investments in risky assets, and claim that these yield strong evidence that females are more risk averse than males. This study replicates and extends their article, demonstrating that its methods are highly problematic. While the methods used would be appropriate for categorical, individual-­‐level differences, the data reviewed are not consistent with such a model. Instead, modest differences (at most) exist only at aggregate levels, such as group means. The evidence in favor of gender difference is …


Fearing Fear: Gender And Economic Discourse, Julie Nelson Jan 2013

Fearing Fear: Gender And Economic Discourse, Julie Nelson

Julie A. Nelson

Economic discourse—or the lack of it—about fear is gendered on at least three fronts. First, while masculine-­‐associated notions of reason and mind have historically been prioritized in mainstream economics, fear—along with other emotions and embodiment—has tended to be culturally associated with femininity. Research on cognitive "gender schema," then, may at least partly explain the near absence of discussions of fear within economic research. Second, in the rare cases where fear is discussed in the contemporary economics literature, there is a tendency to (overly-­‐)strongly associate it with women. Finally, historians and philosophers of science have suggested that the failure to consider …


Is Dismissing The Precautionary Principle The Manly Thing To Do? Gender And The Economics Of Climate Change, Julie Nelson Sep 2012

Is Dismissing The Precautionary Principle The Manly Thing To Do? Gender And The Economics Of Climate Change, Julie Nelson

Julie A. Nelson

Many public debates about climate change now focus on the economic "costs" of taking action. When called on to advise about these, many leading mainstream economists downplay the need for care and caution on climate issues, forecasting a future with infinitely continued economic growth. This essay highlights the roles of binary metaphors and cultural archetypes in creating the highly gendered, sexist, and age-ist attitudes that underlie this dominant advice. Gung-ho economic growth advocates aspire to the role of The Hero, rejecting the conservatism of The Old Wife. But in a world that is not actually as safe and predictable as …


My Tenure War, Julie Nelson Jan 2009

My Tenure War, Julie Nelson

Julie A. Nelson

No abstract provided.


Economists, Value Judgments, And Climate Change: A View From Feminist Economics, Julie Nelson Apr 2008

Economists, Value Judgments, And Climate Change: A View From Feminist Economics, Julie Nelson

Julie A. Nelson

A number of recent discussions about ethical issues in climate change, as engaged in by economists, have focused on the value of the parameter representing the rate of time preference within models of optimal growth. This essay examines many economists' antipathy to serious discussion of ethical matters, and suggests that the avoidance of questions of intergenerational equity is related to another set of value judgments concerning the quality and objectivity of economic practice. Using insights from feminist philosophy of science and research on high reliability organizations, this essay argues that a more ethically transparent, real-world-oriented, and flexible economic practice would …