Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26665
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dc.contributor.authorDohmen, Thomasen_US
dc.contributor.authorFalk, Arminen_US
dc.contributor.authorHuffman, Daviden_US
dc.contributor.authorSunde, Uween_US
dc.date.accessioned2009-05-12en_US
dc.date.accessioned2009-07-28T08:49:36Z-
dc.date.available2009-07-28T08:49:36Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/26665-
dc.description.abstractThis paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of cognitive ability is provided by two submodules of one of the most widely used IQ tests. Interviews are conducted in subjects' own homes. We find that lower cognitive ability is associated with greater risk aversion, and more pronounced impatience. These relationships are statistically and economically significant, and robust to controlling for personal characteristics, educational attainment, income, and measures of liquidity constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x2620en_US
dc.subject.jelC93en_US
dc.subject.jelD01en_US
dc.subject.jelD80en_US
dc.subject.jelD90en_US
dc.subject.jelJ24en_US
dc.subject.jelJ62en_US
dc.subject.ddc330en_US
dc.subject.keywordrisk preferenceen_US
dc.subject.keywordtime preferenceen_US
dc.subject.keywordcognitive abilityen_US
dc.subject.keywordfield experimenten_US
dc.subject.stwVerhaltenen_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwKognitionen_US
dc.subject.stwBildungsniveauen_US
dc.subject.stwDeutschlanden_US
dc.titleAre risk aversion and impatience related to cognitive ability?en_US
dc.type|aWorking Paperen_US
dc.identifier.ppn599569492en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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