Work

The Effect of Investor Bias and Gender on Portfolio Performance and Risk

Year: 2013

Type: article

Abstract: We survey 84 finance and accounting majors to determine the behavioral factors that males and females exhibit when making investment decisions. The survey results are linked to student performance in the Stock-Trak Global Portfolio Trading Simulation. We find that males and females exhibit different behavioral biases and these behavioral biases can ultimately affect investment performance. We also find evidence to support previous research showing that males are more risk tolerant than females. However, our findings indicate that this behavior may be due to a difference in the perception of the actual risk being taken rather than an inherent desire to engage in more risky behavior.

Source: RePEc: Research Papers in Economics

Authors: Kevin Lee, Scott A. Miller, Nicole Forsgren Velasquez, Christi Wann

Institutions: California State University, Fresno, Pepperdine University, Utah State University, University of Tennessee at Chattanooga

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Gender equality, Reduced inequalities

Open Access status: green

OpenAlex ID: W3122950815

FWCI: 2.747

Cites: 52

Cited by: 25

Related to: 10