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Cognitive ability and economic preferences: evidence from survey and experimental data in Mexico

Raymundo Campos-Vazquez, Eduardo Medina-Cortina () and Roberto Velez-Grajales ()
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Eduardo Medina-Cortina: University of Illinois
Roberto Velez-Grajales: Centro de Estudios Espinosa Yglesias

Authors registered in the RePEc Author Service: Roberto Velez Grajales

Economics Bulletin, 2018, vol. 38, issue 3, 1406-1414

Abstract: This paper contributes to the debate about the relationship between cognitive ability and economic preferences. We employ both national representative survey data and experimental data, and apply different elicitation procedures for risk and time preferences in a developing country, Mexico. Our findings are based on three different samples—adult and adolescent survey data, and experimental data for young adults—and a total of 13 tests, two with monetary incentives and the rest without these incentives. Our results show no statistically significant relationship between cognitive ability and economic preferences using different elicitation procedures with three different samples.

Keywords: Cognitive ability; risk aversion; patience; economic preferences; Mexico. (search for similar items in EconPapers)
JEL-codes: C9 D1 (search for similar items in EconPapers)
Date: 2018-07-18
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