Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation … allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results …

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation allowing … for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability.Our results suggest …

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation … allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results …

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 … cognitive ability is related to noisy behavior rather than risk preferences. We also find age and education to be strongly …

previous studies that found a negative relation between cognitive ability and risk aversion into perspective and in particular … show that cognitive ability is related to noisy behavior rather than risk preferences. We also find age and education to be … and more robustly correlated to risk preferences …