Dohmen, Thomas J.; Falk, Armin; Huffman, David; Sunde, Uwe - 2021
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 … with greater risk aversion, and more pronounced impatience. These relationships are statistically and economically …