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Are high-ability individuals really more tolerant of risk? A test of the relationship between risk aversion and cognitive ability
16 references·16 citing·42 second hopsampled
Are high-ability individuals really more tolerant of risk? A test of the relationship between risk aversion and cognitive ability (2016)Are high-ability individuals really more …WHO IS ‘BEHAVIORAL’? COGNITIVE ABILITY AND ANOMALOUS PREFERENCES (2013)WHO IS ‘BEHAVIORAL’? COGNITIV…Risk Preferences Are Not Time Preferences (2012)Risk Preferences Are Not Time…Development and Testing of an Abbreviated Numeracy Scale: A Rasch Analysis Approach (2012)Development and Testing of an…Eliciting risk preferences: When is simple better? (2010)Eliciting risk preferences: W…Are Risk Aversion and Impatience Related to Cognitive Ability? 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(2005)Turnover Intentions and Volun…Cognitive Reflection and Decision Making (2005)Cognitive Reflection and Deci…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)The Effects of Financial Ince…The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework \n (1999)The Effects of Financial Ince…Educational attainment and risk aversion: evidence from rural Uganda (2025)Educational attainment and ri…Safe options and gender differences in risk attitudes (2023)Safe options and gender diffe…Risk attitudes: The central tendency bias (2023)Risk attitudes: The central t…Intelligence and Measurement Errors in Risky Decision-Making: Disentangling Risk Attitudes, Rationality, and Noise (2023)Intelligence and Measurement …Finance and intelligence: An overview of the literature (2023)Finance and intelligence: An …Exploring the mediating effect of personality traits in the relationship between entrepreneurial intentions and academic performance among students (2023)Exploring the mediating effec…Attitudes to Risk and Uncertainty: New Insights From an Experiment Using Interval Prospects (2023)Attitudes to Risk and Uncerta…Air pollution and risk preference (2022)Air pollution and risk prefer…Mediation between financial risk tolerance and equity ownership: assessing the role of financial knowledge underconfidence (2021)Mediation between financial r…Two selves and two minds in a longitudinal survey of risk attitudes (2020)Two selves and two minds in a…On the relationship between financial literacy and choice behaviours under different risk elicitation methods in surveys (2020)On the relationship between f…The role of cognitive reflection in decision making: Evidence from Pakistani managers (2019)The role of cognitive reflect…Intelligence predicts choice in decision-making strategies (2019)Intelligence predicts choice …Moment Risks: Investment for Self and for a Firm (2018)Moment Risks: Investment for …Estimating Probability Risk Preferences: A Lorenz Curve Based Probability Weighting Function Approach (2016)Estimating Probability Risk P…Cognitive abilities and economic behavior (2016)Cognitive abilities and econo…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Time Discounting and Time Preference: A Critical Review (2002)Hard evidence on soft skills (2012)Brain Drain: The Mere Presence of One’s Own Smartphone Reduces Available Cognitive Capacity (2017)Global Evidence on Economic Preferences* (2018)Measuring utility by a single-response sequential method (1964)Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk (2000)The “bomb” risk elicitation task (2013)Stability of experimental and survey measures of risk, time, and social preferences: A review and some new results (2015)Experimenting with Measurement Error: Techniques with Applications to the Caltech Cohort Study (2018)Society and the Adolescent Self-Image (1965)Generalized expectancies for internal versus external control of reinforcement. (1966)Job Market Signaling (1973)The Technology of Skill Formation (2007)A gradient of childhood self-control predicts health, wealth, and public safety (2011)The Lifelong Effects of Early Childhood Adversity and Toxic Stress (2011)An experimental analysis of ultimatum bargaining (1982)Advances in prospect theory: Cumulative representation of uncertainty (1992)Pay Enough or Don't Pay at All* (2000)Third-party punishment and social norms (2004)“Economic man” in cross-cultural perspective: Behavioral experiments in 15 small-scale societies (2005)The unpublished manuscript (2018)Judgment under Uncertainty: Heuristics and Biases (1974)Extensional versus intuitive reasoning: The conjunction fallacy in probability judgment. (1983)Individual Differences in Numeracy and Cognitive Reflection, with Implications for Biases and Fallacies in Probability Judgment (2011)Cognitive sophistication does not attenuate the bias blind spot. (2012)Numerical ability predicts mortgage default (2013)The Framing of Decisions and the Psychology of Choice (1981)What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World? (2007)Personality Psychology and Economics (2011)Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small and in the Large (1976)Oxytocin increases trust in humans (2005)Gender Differences in Preferences (2009)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)The trouble with overconfidence. (2008)Conditions for intuitive expertise: A failure to disagree. (2009)The Polarizing Impact of Science Literacy and Numeracy on Perceived Climate Change Risks (2012)Credit and Banking in a DSGE Model of the Euro Area (2010)Does Market Experience Eliminate Market Anomalies? (2003)Field Experiments (2004)
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References

  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 2005Cognitive Reflection and Decision Making5,253 cited
  • 2006The Effects of Cognitive and Noncognitive Abilities on Labor Market Outcomes and Social Behavior4,427 cited
  • 1999The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework1,547 cited
  • 1999The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework \n1,428 cited
  • 2010Are Risk Aversion and Impatience Related to Cognitive Ability?1,330 cited
  • 2008Risk Aversion, Wealth, and Background Risk1,054 cited
  • 2013WHO IS ‘BEHAVIORAL’? COGNITIVE ABILITY AND ANOMALOUS PREFERENCES689 cited
  • 2009Cognitive abilities and behavioral biases506 cited
  • 2010Eliciting risk preferences: When is simple better?500 cited
  • 2012Risk Preferences Are Not Time Preferences473 cited
  • 2009Genetic Variation in Preferences for Giving and Risk Taking *459 cited
  • 2007Estimating risk attitudes in Denmark: A Field Experiment453 cited
  • 2009Cognitive abilities and superior decision making under risk: A protocol analysis and process model evaluation428 cited
  • 2005Turnover Intentions and Voluntary Turnover: The Moderating Roles of Self-Monitoring, Locus of Control, Proactive Personality, and Risk Aversion.

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405 cited
  • 2012Development and Testing of an Abbreviated Numeracy Scale: A Rasch Analysis Approach392 cited
  • Cited by

    • 2021Mediation between financial risk tolerance and equity ownership: assessing the role of financial knowledge underconfidence21 cited
    • 2016Cognitive abilities and economic behavior16 cited
    • 2023Risk attitudes: The central tendency bias11 cited
    • 2020Two selves and two minds in a longitudinal survey of risk attitudes11 cited
    • 2023Exploring the mediating effect of personality traits in the relationship between entrepreneurial intentions and academic performance among students11 cited
    • 2019The role of cognitive reflection in decision making: Evidence from Pakistani managers10 cited
    • 2023Safe options and gender differences in risk attitudes9 cited
    • 2019Intelligence predicts choice in decision-making strategies9 cited
    • 2018Moment Risks: Investment for Self and for a Firm9 cited
    • 2022Air pollution and risk preference7 cited
    • 2020On the relationship between financial literacy and choice behaviours under different risk elicitation methods in surveys4 cited
    • 2023Finance and intelligence: An overview of the literature2 cited
    • 2025Educational attainment and risk aversion: evidence from rural Uganda1 cited
    • 2023Attitudes to Risk and Uncertainty: New Insights From an Experiment Using Interval Prospects1 cited
    • 2023Intelligence and Measurement Errors in Risky Decision-Making: Disentangling Risk Attitudes, Rationality, and Noise1 cited
    • 2016Estimating Probability Risk Preferences: A Lorenz Curve Based Probability Weighting Function Approach0 cited