Table 1.

Maximum Likelihood Estimates of Risk Preference Parameters

Parameter	Women		Men
	Estimate	SE	Estimate	SE
β	−0.035	0.003	−0.047	0.003
ᾱ	−0.178	0.104	0.525	0.114
σα	1.277	0.029	1.390	0.032
σu	1.131	0.019	1.222	0.021
Log-Likelihood	−13,746.41		−13,599.71
Number of Individuals	4,618		4,577
Number of Observations	12,481		11,903

Note: Parameters are for Eq. (5).