The study of behavioral finance is relatively recent, particularly in Brazil. Considering the increased participation of women in the labor market and rising education levels, this study replicates North American research and seeks to evaluate the differences in risk tolerance between spouses. This study was developed in three steps: 1) Replication of the analysis and statistical procedures of Gilliam, Goetz and Hampton (2008). Our pilot study sample consisted of 78 couples. In this evaluation we employed a risk scale that varied from 1 to 4, 4 being maximum risk tolerance and 1 zero risk tolerance. 2) Analyses in the pilot study resulted from performing a comparison of all risk behaviors and the demographic and economic variables. The difference between the previous step and this one is that here we considered the limit of statistical significance in the sample. 3) Finally we applied a critical statistic to all procedures. The objective was to ensure that future studies can be reproduced in a strictly critical statistic. We concluded that (a) husbands had a higher risk tolerance than their wives, and (b) higher educational level increased risk tolerance. We believe the matter should be investigated as it is of great value, particularly for financial advisors and institutions in order to assess risk tolerance between spouses and better guide them in adjusting their investment risk profiles.