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Raymundo M Campos-Vazquez, Eduardo M Medina-Cortina and Roberto Velez-Grajales
''Cognitive ability and economic preferences: evidence from survey and experimental data in Mexico''
( 2018, Vol. 38 No.3 )
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.
JEL: C9 - Design of Experiments: General
D1 - Household Behavior: General
Description of Appendix:

Manuscript Received : Nov 06 2017 Manuscript Accepted : Jul 18 2018

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