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Risk aversion, patience and intelligence: Evidence based on macro data

机译:风险规避,耐心和智慧:基于宏观数据的证据

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摘要

Using the new macro data on risk aversion and patience by Falk et al. (2018). I show that risk aversion and patience are related to intelligence: high-1Q, populations are more patient and more risk averse than low-IQ populations. The correlation between patience and intelligence corroborates previous results based on micro data. Intelligent people tend to be patient because they have long time horizons. The correlation between risk aversion and intelligence supports new micro data studies based on dynamically optimized sequential experimentation (Chapman et al. 2018). (C) 2019 Elsevier B.V. All rights reserved.
机译:Falk等人使用有关风险规避和耐心的新宏观数据。 (2018)。我表明,风险规避和耐心与智力有关:高1Q人群比低IQ人群更具耐心和风险厌恶性。耐心和智力之间的相关性证实了基于微数据的先前结果。聪明的人倾向于耐心,因为他们的视野很长。风险规避与情报之间的相关性支持基于动态优化的连续实验的新微数据研究(Chapman等人2018)。 (C)2019 Elsevier B.V.保留所有权利。

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