Are time preference and risk preference associated with cognitive intelligence and emotional intelligence?

Ackert, Lucy F., Deaves, Richard, Miele, Jennifer and Nguyen, Quang ORCID logoORCID: https://orcid.org/0000-0002-2999-194X (2020) Are time preference and risk preference associated with cognitive intelligence and emotional intelligence? Journal of Behavioral Finance, 21 (2) . pp. 136-156. ISSN 1542-7560 [Article] (doi:10.1080/15427560.2019.1663850)

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Abstract

The authors investigated whether cognitive intelligence (intelligence quotient [IQ]) and emotional intelligence (emotional quotient [EQ]) meaningfully correlate with time preference and risk preference, finding solid evidence in support. In the realm of time preference, high-EQ individuals are less subject to present (or future) bias and more patient. Further, high-IQ subjects tend to exhibit preferences that conform to expected utility maximization. While recent research on the relationship between cognitive ability and preferences has provided important insights, the results suggest that both cognitive intelligence and emotional intelligence matter.

Item Type: Article
Keywords (uncontrolled): Experimental and Cognitive Psychology, Finance
Research Areas: A. > Business School > Economics
Item ID: 28167
Notes on copyright: This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Behavioral Finance on 05/11/2019, available online: http://www.tandfonline.com/10.1080/15427560.2019.1663850
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Depositing User: Jisc Publications Router
Date Deposited: 14 Nov 2019 08:32
Last Modified: 29 Nov 2022 18:31
URI: https://eprints.mdx.ac.uk/id/eprint/28167

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