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Global Evidence on Economic Preferences

Author

Listed:
  • Armin Falk
  • Thomas Dohmen
  • David Huffman
  • Uwe Sunde
Abstract
This paper discusses the recent literature on the relationship between cognitive ability and decision making under risk and uncertainty. After clarifying some important distinctions between concepts and measurement of risk preference and cognitive ability, we take stock of what is known empirically on the connections between cognitive ability and measured risk preferences. We conclude by discussing perspectives for future research.

Suggested Citation

  • Armin Falk & Thomas Dohmen & David Huffman & Uwe Sunde, 2018. "Global Evidence on Economic Preferences," CRC TR 224 Discussion Paper Series crctr224_2018_006, University of Bonn and University of Mannheim, Germany.
    • Handle: RePEc:bon:boncrc:crctr224_2018_006
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    File URL: https://www.crctr224.de/research/discussion-papers/archive/dp006
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    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

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