Data Analysis Essay Example | Topics and Well Written Essays - 2000 words - 1

Data Analysis - Essay Example Eckel and Grossman (1998) in their study have addressed the same issues. Another prominent study conducted by Fehr and Gatcher (2000) in which they further relate financial altruism to various factors. The current research work explores the altruism behavior within the context of behavioral finance and can be considered as an attempt to add to the literature that is already present on the topic. The study would also try to achieve some research objectives and answer research questions that have been listed below. The authors Eckel & Grossman (1998) clearly illustrated the difference in economic decisions between men and women. A number of studies were conducted in the past regarding similar subject matter. These studies were not only conducted for the field of economics but also psychology to assess the difference in approach between men and women. However, these studies were not able to draw the factors that create distinction between behavior behind economic decisions in both the genders because they did not know about gender being selfish or not. It can be well-stated that conclusions regarding the chosen subject cannot be achieved until or unless the behavior is easily gauged in a general environment. This indicates that the previous studies were unable to demonstrate differences other than experimental environment. Therefore, Eckel & Grossman (1998) introduced double-anonymous dictator game experiment to collect data to find the core difference of behavior of men and women while underta king economic decisions (Eckel and Grossman 1998). The authors of the study undertook testing of the hypothesis that exclaimed no difference between men and women and then the donations were taken under consideration. It was noted that men donated $0.82 on average while the amount was $1.60 among women. The statistical observation marked that p-value was less than 0.01. It is due to this reason that null hypothesis was rejected by further