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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...
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Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk …, ambiguity, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences … from non-migrants in risk and ambiguity preferences elicited using pairs of lotteries; however, migrants are significantly …
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