WHO IS 'BEHAVIORAL'? COGNITIVE ABILITY AND ANOMALOUS PREFERENCES

被引：303

作者：

Benjamin, Daniel J. ^{[1
]}

Brown, Sebastian A. ^{[2
]}

Shapiro, Jesse M. ^{[3
]}

机构：

[1] Cornell Univ, Ithaca, NY 14853 USA

[2] Barclays Capital, New York, NY USA

[3] Univ Chicago, Booth Sch Business, Chicago, IL 60637 USA

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2013年 / 11卷 / 06期

关键词：

WORKING-MEMORY; INDIVIDUAL-DIFFERENCES; DECISION-MAKING; RISK-AVERSION; INTELLIGENCE; DELAY; GRATIFICATION; PSYCHOLOGY;

D O I：

10.1111/jeea.12055

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we ask whether variation in preference anomalies is related to variation in cognitive ability. Evidence from a new laboratory study of Chilean high-school students with similar schooling backgrounds shows that small-stakes risk aversion and short-run discounting are less common among those with higher standardized test scores. The relationship with test scores survives controls for parental education and wealth. We find some evidence that elementary-school GPA is predictive of preferences measured at the end of high school. Two laboratory interventions provide suggestive evidence of a possible causal impact of cognitive resources on expressed preferences.

引用

页码：1231 / 1255

页数：25

共 49 条

[1]

[Anonymous], 1999, WHO IS RATIONAL STUD

[2]

[Anonymous], 1998, The g factor

[3] Understanding pensions: Cognitive function, numerical ability and retirement saving [J].