Gender differences in decision making: An experiment

Abstract

There are many studies that analyze gender differences in several areas. Most of the literature on gender differences in the studies of experimental economics gives economic results on that women are less ambitious in decision-making and less reliable than men. In the context of the ultimatum game, women seem to be more generous, than men. In this experiment, a game is conducted to assess the existence of gender differences in the decision-making of both in a context of the modified ultimatum game. The results show that women are less selfish than men.