Do as I Do, Not as I Say: Incentivization and the Relationship Between Cognitive Ability and Risk Aversion

dc.creatorAlmeida, Sergio
dc.date2019-12-19
dc.date.accessioned2022-11-03T20:55:30Z
dc.date.available2022-11-03T20:55:30Z
dc.identifierhttps://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/19229
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5044146
dc.descriptionWe study how the use of real and hypothetical choices to elicit risk preferences affect the statistical relationship between cognitive ability and risk aversion. Our experimental results suggest that such association is sensitive to incentive conditions of the choice problems used to elicit risk preferences. Individuals in the upper tail of the cognitive ability distribution are willing to take more risks. But this holds only when choices involve hypothetical payoffs. When choices are real, this correlation is found insignificant. Results are robust to using alternative measures of cognitive ability.pt-BR
dc.formatapplication/pdf
dc.languageeng
dc.publisherEGV EPGEpt-BR
dc.relationhttps://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/19229/77245
dc.sourceRevista Brasileira de Economia; Vol. 73 No. 4 (2019): OUT-DEZ; 413-434en-US
dc.sourceRevista Brasileira de Economia; v. 73 n. 4 (2019): OUT-DEZ; 413-434pt-BR
dc.source1806-9134
dc.source0034-7140
dc.subjectcognitive abilitypt-BR
dc.subjectrisk-preference elicitationpt-BR
dc.subjectrisk preferencespt-BR
dc.subjecthypothetical and real choicespt-BR
dc.subjectincentivespt-BR
dc.titleDo as I Do, Not as I Say: Incentivization and the Relationship Between Cognitive Ability and Risk Aversionpt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.typeArticlesen-US
dc.typeArtigospt-BR


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