Which risk/ambiguity attitude components are related to intelligence?
- Probability weighting parameters.
The role of intelligence and its connection to our individual differences in preferences and economic behavior has been explored by researchers throughout history. This study examines whether there is a relation between an individual’s cognitive ability – intelligence, and their individual parameters of likelihood insensitivity (a) and pessimism (b), which theory uses to describe individual probability weighting, people’s non-objective perception regarding probabilities in choices under risk.
|Economics of Management and Organisation|
|Organisation||Erasmus School of Economics|
K Spyridakis. (2020, July 28). Which risk/ambiguity attitude components are related to intelligence?. Economics of Management and Organisation. Retrieved from http://hdl.handle.net/2105/52229