We analyze the effects of cognitive abilities on two examples of consumer financial decisions where suboptimal behavior is well defined. The first example refers to consumers who transfer the entire balance from an existing credit card account to a new account, but use the new card for...

This paper uses longitudinal data from the National Cohort Development Study (NCDS) to investigate the determinants of voter turnout in the 1997 British General Election. It introduces measures of cognitive ability and personality into models of electoral participation and finds that firstly,...