%0 Report
        %A Kelishomi, Ali Moghaddasi
%A Sgroi, Daniel
        %T The Relationship between Cognitive Ability and Risk Preferences in a Developing Nation: Findings from the Field
        %D 2022
        %8 2022 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 15266
        %U https://www.iza.org/index.php/publications/dp15266
        %X 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.
        %K risk
%K cognitive ability
%K rationality
%K generalized axiom of revealed preference
%K field experiment
%K low incomes
%K developing nation