Arbeitspapier
The Relationship between Cognitive Ability and Risk Preferences in a Developing Nation: Findings from the Field
We find a strong relationship between risk-loving preferences and cognitive ability which becomes stronger as adherence to the generalized axiom of revealed preference (a proxy for rationality) increases. Our results are taken from a field study of individuals at the very bottom of the income distribution in a developing nation. Our results for some of the poorest in the world support recent findings drawn from subjects in wealthy Western nations, suggesting there may be a stable relationship between risk preferences and cognitive ability for the human population as a whole irrespective of socio-economic status.
- Sprache
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 15266
- Klassifikation
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Wirtschaft
Analysis of Health Care Markets
Health Behavior
Health: Government Policy; Regulation; Public Health
Field Experiments
- Thema
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risk
cognitive ability
rationality
generalized axiom of revealed preference
field experiment
low incomes
developing nation
- Ereignis
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Geistige Schöpfung
- (wer)
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Moghaddasi Kelishomi, Ali
Sgroi, Daniel
- Ereignis
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Veröffentlichung
- (wer)
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Institute of Labor Economics (IZA)
- (wo)
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Bonn
- (wann)
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2022
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Moghaddasi Kelishomi, Ali
- Sgroi, Daniel
- Institute of Labor Economics (IZA)
Entstanden
- 2022