Measuring risk preferences using monetary incentives is costly. In the field, it might be also
unfair and unsafe. The commonly used measure of Holt and Laury (2002) relies on a dozen …

Do more intelligent investors take better economic decisions than less intelligent ones? Is
risk attitude, in particular risk/loss aversion, linked to cognitive ability? Does an investor's …

Eliciting risk preferences usually involves tasks that subjects may find complex, such as
calculations of expected values and assessment of probabilities in multiple price lists (MPL) …

Risk preference is an important construct for understanding individual differences in risk
taking throughout the behavioral sciences. An active stream of research has focused on …

The emergence of behavioral finance has transformed finance by recognizing 'that
economic agents are human'(Pollard et al., 2017). Behavioral finance incorporates well …

Drawing on data from the German National Educational Panel Study (NEPS), we show that
students who select majors that do not match their occupational preferences prior to …

Comprehension in risk elicitation tasks is crucial, as otherwise the results are rather noisy
than reliable. One prominent risk-elicitation tool, the Holt and Laury task (HL-task), is …

I study altruistic choices through the lens of a cognitively noisy decision-maker. I introduce a
theoretical framework that demonstrates how increased cognitive noise can directionally …

Purpose It is imperative for policymakers, financial institutions, and individual investors to
comprehend the factors that impact stock market participation, given the growing …

Cognitive skills affect individual choices. Researchers commonly use Raven's Progressive
Matrices (RPM) tests and the Cognitive Reflection Test (CRT) to assess the relationship …