Why are Females more risk averse then Male?

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It is a common belief that females are more risk averse than their male peers. According to Wang, females have a penchant to be more risk-averse than male; many corporate companies tend to give less risky investment portfolios to female compared to male, as they believe females will gain lower returns for their business. This is a major issue for females if they want to outlive males, this means they will need more funds and...
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