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Significance There is continuing interest in the study of gender differences in economic and social outcomes. An important factor underlying gender differences in outcomes are gender differences in fundamental economic preferences, which are at the core of many differential choices of women and men. We provide strong evidence for greater male variability in preferences. We find that men are more likely to have extreme time, risk, and social preferences, while women are more likely to have moderate preferences. With the focus on mean differences, the current literature underestimates the importance of gender differences and their effects on differential choices and outcomes between women and men.

Converging evidence for greater male variability in time, risk, and social preferences