Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/220064
Authors: 
Klingen, Joris
van Ommeren, Jos
Year of Publication: 
2020
Series/Report no.: 
Tinbergen Institute Discussion Paper TI 2020-027/VIII
Abstract: 
Medical research suggests that particulate matter (PM) increases stress hormones, therefore increasing the feeling of stress, which has been hypothesised to induce individuals to take less risk. To examine this, we study whether PM increases the probability of drawing in chess games using information from the Dutch club competition. We provide evidence of a reasonably strong effect: A 10μg increase in PM10 (33.6% of mean concentration) leads to a 5.8% increase in draws. Our results demonstrate that air pollution causes individuals to take less risk.
Subjects: 
air pollution
particulate matter
cognitive ability
risk taking
JEL: 
Q53
D81
I18
Document Type: 
Working Paper

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