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Uwe Sunde - One of the best experts on this subject based on the ideXlab platform.
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On the Relationship between Cognitive Ability and Risk Preference
Munich Reprints in Economics, 2020Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts. (This abstract was borrowed from another version of this item.)
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On the Relationship between Cognitive Ability and Risk Preference
Journal of Economic Perspectives, 2019Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts.
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are risk aversion and impatience related to Cognitive Ability
Munich Reprints in Economics, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.(This abstract was borrowed from another version of this item.)
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are risk aversion and impatience related to Cognitive Ability
The American Economic Review, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
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are risk aversion and impatience related to Cognitive Ability
research memorandum, 2007Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:Is the way that people make risky choices, or tradeoffs over time, related to Cognitive Ability? This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of the population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an annual time horizon, for a randomly drawn sample of roughly 1,000 German adults. Subjects also take part in two different tests of Cognitive Ability, which correspond to sub-modules of one of the most widely used IQ tests. Interviews are conducted in subjects' own homes. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, educational attainment, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
Sarah E Harris - One of the best experts on this subject based on the ideXlab platform.
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Cognitive Ability and physical health a mendelian randomization study
Scientific Reports, 2017Co-Authors: Saskia P Hagenaars, Ian J Deary, Catharine R Gale, Sarah E HarrisAbstract:Causes of the association between Cognitive Ability and health remain unknown, but may reflect a shared genetic aetiology. This study examines the causal genetic associations between Cognitive Ability and physical health. We carried out two-sample Mendelian randomization analyses using the inverse-variance weighted method to test for causality between later life Cognitive Ability, educational attainment (as a proxy for Cognitive Ability in youth), BMI, height, systolic blood pressure, coronary artery disease, and type 2 diabetes using data from six independent GWAS consortia and the UK Biobank sample (N = 112 151). BMI, systolic blood pressure, coronary artery disease and type 2 diabetes showed negative associations with Cognitive Ability; height was positively associated with Cognitive Ability. The analyses provided no evidence for casual associations from health to Cognitive Ability. In the other direction, higher educational attainment predicted lower BMI, systolic blood pressure, coronary artery disease, type 2 diabetes, and taller stature. The analyses indicated no causal association from educational attainment to physical health. The lack of evidence for causal associations between Cognitive Ability, educational attainment, and physical health could be explained by weak instrumental variables, poorly measured outcomes, or the small number of disease cases.
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Cognitive Ability and physical health a mendelian randomization study
bioRxiv, 2016Co-Authors: Saskia P Hagenaars, Ian J Deary, Catharine R Gale, Sarah E HarrisAbstract:Background: Causes of the association between lower Cognitive Ability and poorer health remain unknown, but may reflect a shared genetic aetiology as indicated by previous research. This study examines the causal genetic associations between Cognitive Ability and physical health outcomes. Method: We carried out Mendelian randomization analyses using the inverse variance weighted method to test for causality between later life Cognitive Ability, educational attainment (as a proxy for Cognitive Ability in youth), BMI, height, systolic blood pressure, coronary artery disease, and type 2 diabetes in the UK Biobank sample (N = 112 151). Sensitivity analyses were performed using MR-Egger regression. Results: BMI, systolic blood pressure, coronary artery disease and type 2 diabetes showed negative associations with Cognitive Ability, while height was positively associated with Cognitive Ability. The Mendelian randomization analyses provided no evidence for a casual association from health to Cognitive Ability. In the other direction, higher educational attainment predicted lower BMI, systolic blood pressure, coronary artery disease, type 2 diabetes, and taller stature. The Mendelian randomization analyses indicated partly causal associations from educational attainment to health, however when adjusting for bias using the MR-Egger regression, these effects disappeared. Conclusions: The lack of consistent evidence for causal associations between Cognitive Ability, educational attainment, and physical health could be explained by violations of the Mendelian randomization assumptions, including biological pleiotropy.
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Polygenic risk of ischemic stroke is associated with Cognitive Ability
Neurology, 2015Co-Authors: Sarah E Harris, Mark E. Bastin, Rainer Malik, Riccardo E. Marioni, Archie Campbell, Sudha Seshadri, Bradford B. Worrall, Cathie Sudlow, Caroline Hayward, John M. StarrAbstract:Objectives: We investigated the correlation between polygenic risk of ischemic stroke (and its subtypes) and Cognitive Ability in 3 relatively healthy Scottish cohorts: the Lothian Birth Cohort 1936 (LBC1936), the Lothian Birth Cohort 1921 (LBC1921), and Generation Scotland: Scottish Family Health Study (GS). Methods: Polygenic risk scores for ischemic stroke were created in LBC1936 (n = 1005), LBC1921 (n = 517), and GS (n = 6,815) using genome-wide association study summary data from the METASTROKE collaboration. We investigated whether the polygenic risk scores correlate with Cognitive Ability in the 3 cohorts. Results: In the largest cohort, GS, polygenic risk of all ischemic stroke, small vessel disease stroke, and large vessel disease stroke, but not cardioembolic stroke, were correlated with both fluid and crystallized Cognitive abilities. The highest correlation was between a polygenic risk score for all ischemic stroke and general Cognitive Ability ( r = −0.070, p = 1.95 × 10 −8 ). Few correlations were identified in LBC1936 and LBC1921, but a meta-analysis of all 3 cohorts supported the correlation between polygenic risk of ischemic stroke and Cognitive Ability. Conclusions: The findings from this study indicate that even in the absence of stroke, being at high polygenic risk of ischemic stroke is associated with lower Cognitive Ability.
Thomas J Dohmen - One of the best experts on this subject based on the ideXlab platform.
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On the Relationship between Cognitive Ability and Risk Preference
Munich Reprints in Economics, 2020Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts. (This abstract was borrowed from another version of this item.)
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On the Relationship between Cognitive Ability and Risk Preference
Journal of Economic Perspectives, 2019Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts.
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are risk aversion and impatience related to Cognitive Ability
Munich Reprints in Economics, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.(This abstract was borrowed from another version of this item.)
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are risk aversion and impatience related to Cognitive Ability
The American Economic Review, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
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are risk aversion and impatience related to Cognitive Ability
research memorandum, 2007Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:Is the way that people make risky choices, or tradeoffs over time, related to Cognitive Ability? This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of the population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an annual time horizon, for a randomly drawn sample of roughly 1,000 German adults. Subjects also take part in two different tests of Cognitive Ability, which correspond to sub-modules of one of the most widely used IQ tests. Interviews are conducted in subjects' own homes. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, educational attainment, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
Armin Falk - One of the best experts on this subject based on the ideXlab platform.
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On the Relationship between Cognitive Ability and Risk Preference
Munich Reprints in Economics, 2020Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts. (This abstract was borrowed from another version of this item.)
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On the Relationship between Cognitive Ability and Risk Preference
Journal of Economic Perspectives, 2019Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts.
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are risk aversion and impatience related to Cognitive Ability
Munich Reprints in Economics, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.(This abstract was borrowed from another version of this item.)
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are risk aversion and impatience related to Cognitive Ability
The American Economic Review, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
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are risk aversion and impatience related to Cognitive Ability
research memorandum, 2007Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:Is the way that people make risky choices, or tradeoffs over time, related to Cognitive Ability? This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of the population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an annual time horizon, for a randomly drawn sample of roughly 1,000 German adults. Subjects also take part in two different tests of Cognitive Ability, which correspond to sub-modules of one of the most widely used IQ tests. Interviews are conducted in subjects' own homes. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, educational attainment, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
David Huffman - One of the best experts on this subject based on the ideXlab platform.
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On the Relationship between Cognitive Ability and Risk Preference
Munich Reprints in Economics, 2020Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts. (This abstract was borrowed from another version of this item.)
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On the Relationship between Cognitive Ability and Risk Preference
Journal of Economic Perspectives, 2019Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper will focus on the relationship between Cognitive Ability and decision-making under risk and uncertainty. Taken as a whole, this research indicates that Cognitive Ability is associated with risk-taking behavior in various contexts and life domains, including incentivized choices between lotteries in controlled environments, behavior in nonexperimental settings, and self-reported tendency to take risks. One pattern that emerges frequently in these studies is that Cognitive Ability tends to be positively correlated with avoidance of harmful risky situations, but it tends to be negatively correlated with risk aversion in advantageous situations. We conclude by discussing perspectives for future research, in particular the scope for the development of richer sets of elicitation instruments and measurement across a wider range of concepts.
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are risk aversion and impatience related to Cognitive Ability
Munich Reprints in Economics, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.(This abstract was borrowed from another version of this item.)
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are risk aversion and impatience related to Cognitive Ability
The American Economic Review, 2010Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of Cognitive Ability. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
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are risk aversion and impatience related to Cognitive Ability
research memorandum, 2007Co-Authors: Thomas J Dohmen, Armin Falk, David Huffman, Uwe SundeAbstract:Is the way that people make risky choices, or tradeoffs over time, related to Cognitive Ability? This paper investigates whether there is a link between Cognitive Ability, risk aversion, and impatience, using a representative sample of the population and incentive compatible measures. We conduct choice experiments measuring risk aversion, and impatience over an annual time horizon, for a randomly drawn sample of roughly 1,000 German adults. Subjects also take part in two different tests of Cognitive Ability, which correspond to sub-modules of one of the most widely used IQ tests. Interviews are conducted in subjects' own homes. We find that lower Cognitive Ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, educational attainment, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds.
