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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26665
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dohmen, Thomas | | en_US |
| dc.contributor.author | | Falk, Armin | | en_US |
| dc.contributor.author | | Huffman, David | | en_US |
| dc.contributor.author | | Sunde, Uwe | | en_US |
| dc.date.accessioned | | 2009-05-12 | | en_US |
| dc.date.accessioned | | 2009-07-28T08:49:36Z | | - |
| dc.date.available | | 2009-07-28T08:49:36Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/26665 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2620 | | en_US |
| dc.subject.jel | | C93 | | en_US |
| dc.subject.jel | | D01 | | en_US |
| dc.subject.jel | | D80 | | en_US |
| dc.subject.jel | | D90 | | en_US |
| dc.subject.jel | | J24 | | en_US |
| dc.subject.jel | | J62 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | risk preference | | en_US |
| dc.subject.keyword | | time preference | | en_US |
| dc.subject.keyword | | cognitive ability | | en_US |
| dc.subject.keyword | | field experiment | | en_US |
| dc.subject.stw | | Verhalten | | en_US |
| dc.subject.stw | | Risikopräferenz | | en_US |
| dc.subject.stw | | Kognition | | en_US |
| dc.subject.stw | | Bildungsniveau | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Are risk aversion and impatience related to cognitive ability? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 599569492 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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