TY  - RPRT
        AU  - Kelishomi, Ali Moghaddasi
AU  - Sgroi, Daniel
        TI  - The Relationship between Cognitive Ability and Risk Preferences in a Developing Nation: Findings from the Field
        PY  - 2022/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15266
        UR  - https://www.iza.org/publications/dp15266
        AB  - 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.
        KW  - risk
KW  - cognitive ability
KW  - rationality
KW  - generalized axiom of revealed preference
KW  - field experiment
KW  - low incomes
KW  - developing nation
        ER  -