Benjamin Felix
speaker
5,943 appearances
22 recordings
1 series
first heard Apr 2026
last heard yesterday
Benjamin Felix’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 22 in all, peaking in Aug 2026 with 5.
Appearances
So they also run a randomized experiment in the paper, which points to the mechanism.
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Female identity suppresses the wife's willingness to contribute ideas, while male identity makes husbands less receptive to a spouse's input.
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So that paper is in the Journal of Finance.
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It's interesting to have that topic covered in that journal, but there it is.
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A short 2018 conference paper by the same author extends the pattern internationally.
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So that paper was just looking at the US.
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The second conference paper, shorter conference paper, finds that households in countries with stronger traditional gender norms are less likely to participate in the stock market with suggestive evidence that the pattern holds among wealthy households as well.
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Now, these norms carry a real financial cost through the stock market participation channel, which is really a shame given what we know about how the sexes actually trade differently.
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In Barbara and O'Dean's 2001 study of 35,000 households with brokerage accounts, men traded 45% more than women, consistent with the prediction that overconfidence produces excessive harmful trading.
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That activity in their study was costly.
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Trading reduced men's net returns by 2.65 percentage points per year versus 1.72 percentage points for women.
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To be clear, both groups hurt themselves by trading too much.
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Women just did less of it.
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whatever the return consequences, I do think that a household that systematically discounts one spouse's preference is making decisions that only one of the two people actually endorses.
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And that seems worth fixing for its own sake.
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It's always hard
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That shows up in the financial literacy literature where men are more likely to be overconfident.
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They're more likely to answer, confidently answer a question incorrectly.
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Whereas women are more likely to say that they don't know the answer to the question, even if they actually did.
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They tend to be underconfident.
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Showing 641–660 of 5,943 · page 33 of 298
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