Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation …

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation …

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able to … generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation allowing …

decision noise leads to bias in most elicitation tasks, there is a risk of falsely interpreting noise-driven relationships as … preference driven. This puts previous studies that found a negative relation between personality measures and risk aversion into … an economic experiment with subjects from all walks of life, that using structural estimation that models heterogeneity …

We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our … experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or … respond strongly to these incentives that result in an increased risk exposure of others. However, we find that the increase …