Female Risk Aversion: Experimental Evidence in Myanmar

While literature shows that female risk tolerance is generally lower than males, it can also be the same as male's under different contexts and types of rewards. We conducted an experiment in Myanmar using a lottery selection method to measure risk over five consecutively paid rounds. We find 1) teenage females are more responsive than adult females to the type of incentive. 2) female risk tolerance matches that of males under cash and school supplies, but fall behind under department store gift card. 3) over five rounds, adult female behavior is most distinct from other groups.