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
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 15266

Klassifikation
Wirtschaft
Analysis of Health Care Markets
Health Behavior
Health: Government Policy; Regulation; Public Health
Field Experiments
Thema
risk
cognitive ability
rationality
generalized axiom of revealed preference
field experiment
low incomes
developing nation

Ereignis
Geistige Schöpfung
(wer)
Moghaddasi Kelishomi, Ali
Sgroi, Daniel
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Moghaddasi Kelishomi, Ali
  • Sgroi, Daniel
  • Institute of Labor Economics (IZA)

Entstanden

  • 2022

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