Showing 1 - 10 of 542
Economic analysis has said little about how an individual's cognitive skills (CS's) are related to the individual's preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee truckers...
Persistent link: https://www.econbiz.de/10003739951
that emphasise circumstances rather than outcomes or effort. We link preferences to previously-measured cognition, and find … that high-cognition individuals are 35% more likely to always support such schemes. These preferences are not driven by … play in life, high-cognition individuals perceive outcomes to be more determined by luck. …
Persistent link: https://www.econbiz.de/10014278035
We collected personality (Big Five) and demographic characteristics, and ran incentivized experiments measuring cognitive skills (non-verbal IQ, numeracy, backward induction/ planning), and economic (time, risk) preferences, with 100 students at a small public undergraduate liberal arts college...
Persistent link: https://www.econbiz.de/10010246768
This study provides novel evidence on the isolated effect of carbon dioxide on cognition, economic decision-making, and … without suffering significant cognitive decline, changes in decision-making or showing any physiological response. …
Persistent link: https://www.econbiz.de/10014535303
Marriage data show a strong degree of positive assortative mating along a variety of attributes. But since marriage is an equilibrium outcome, it is unclear whether positive sorting is the result of preferences rather than opportunities. We assess the relative importance of preferences and...
Persistent link: https://www.econbiz.de/10003480144
If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …
Persistent link: https://www.econbiz.de/10003976547
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012415076
Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of individual preferences and choices on subjective well-being (SWB). It is shown that preferences and choices relating to life goals/values, partner’s personality, hours of work,...
Persistent link: https://www.econbiz.de/10003966917
modelling of random components of decision making is crucial to establishing the long supposed but empirically elusive link …
Persistent link: https://www.econbiz.de/10012228205
Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences towards gaining or losing absolute wealth....
Persistent link: https://www.econbiz.de/10012119128