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Prudence, Personality, Cognitive Ability and Emotional State

Listed author(s):
  • Breaban, Adriana

    (Tilburg University, Center For Economic Research)

  • van de Kuilen, Gijs

    (Tilburg University, Center For Economic Research)

  • Noussair, Charles

    (Tilburg University, Center For Economic Research)

We report an experiment to consider the emotional correlates of prudent decision making. In the experiment, we present subjects with lotteries and measure their emotional response with facial recognition software. They then make binary choices between risky lotteries that distinguish prudent from imprudent individuals. They also perform tasks to measure their cognitive ability and a number of personality characteristics. We find that a more negative emotional state correlates with greater prudence. Higher cognitive ability and less conscientiousness is also associated with greater prudence.

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File URL: https://pure.uvt.nl/portal/files/12829863/2016_030.pdf
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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2016-030.

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Date of creation: 2016
Handle: RePEc:tiu:tiucen:9a01a5ab-e03d-49eb-9cd7-4d7f878d8737
Contact details of provider: Web page: http://center.uvt.nl

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