Saving behavior and cognitive abilities

Experimental Economics - Tập 14 - Trang 349-374 - 2011
T. Parker Ballinger1, Eric Hudson2, Leonie Karkoviata3, Nathaniel T. Wilcox4
1Department of Economics and Finance, Stephen F. Austin State University, Nacogdoches, USA
2New Mexico Public Defender Department, Las Cruces, USA
3College of Business, University of Houston-Downtown, Houston, USA
4Economic Science Institute, Chapman University, Orange, USA

Tóm tắt

Experiments on saving behavior reveal substantial heterogeneity of behavior and performance. We show that this heterogeneity is reliable and examine several potential sources of it, including cognitive ability and personality scales. The strongest predictors of both behavior and performance are two cognitive ability measures. We conclude that complete explanations of heterogeneity in dynamic decision making require attention to complexity and individual differences in cognitive constraints.

Tài liệu tham khảo

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