Risk Attitudes, Financial Literacy and Financial Behavior: A Gender Specific Comparison

This paper investigates the relationship between risk attitudes, financial literacy, and behavior in personal finance, focusing on gender differences. Using surveys, we analyze 52 students enrolled in a Personal Finance course. Men exhibit higher financial literacy and are inclined towards long-term investing. Women show greater satisfaction with spending habits and tend to be more risk-averse. Parental influence varies, with women perceiving pos- itive role models. Correlation analysis reveals significant connections among risk perception, financial literacy, behavior, and parental influence. Gender disparities extend to preferences in financial products, with women favoring safer investments. The study illuminates the nuanced dynamics shaping investment decisions.