Risk attitude and air pollution: Evidence from chess*

Joris Klingen and Jos van Ommeren (jos.van.ommeren@vu.nl)
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Joris Klingen: Vrije Universiteit Amsterdam

No 20-027/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Medical research suggests that particulate matter (PM) increases stress hormones, therefore increasing the feeling of stress, which has been hypothesised to induce individuals to take less risk. To examine this, we study whether PM increases the probability of drawing in chess games using information from the Dutch club competition. We provide evidence of a reasonably strong effect: A 10μg increase in PM10 (33.6% of mean concentration) leads to a 5.8% increase in draws. Our results demonstrate that air pollution causes individuals to take less risk.

Keywords: air pollution; particulate matter; cognitive ability; risk taking (search for similar items in EconPapers)
JEL-codes: D81 I18 Q53 (search for similar items in EconPapers)
Date: 2020-05-24
New Economics Papers: this item is included in nep-cbe, nep-ene, nep-env, nep-eur, nep-hea and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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