Prudence, Personality, Cognitive Ability and Emotional State

Adriana Breaban, Gijs van de Kuilen, Charles Noussair

Research output: Working paper › Discussion paper › Other research output

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Abstract

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.
Original languageEnglish
Place of PublicationTilburg
PublisherEconomics
Number of pages29
Volume2016-030
Publication statusPublished - 4 Aug 2016

Publication series

NameCentER Discussion Paper
Volume2016-030

Keywords

  • emotions
  • prudence
  • personality
  • cognitive ability

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