Lau Lilleholt
Cognitive ability and risk aversion: A systematic review and meta analysis
University of Copenhagen
abstract highly intelligent people less risk averse last two decades scholars argued existence negative relationship cognitive ability risk aversion although numerous studies support link cognitive ability risk aversion found consistently shed new light topic systematic review metaanalysis conducted total 97 studies identified included metaanalysis domain gains n90 723 41 mixed domain n50 936 12 domain losses n4 544 results indicate exists weak significant negative relationship cognitive ability risk aversion domain gains however relationship observed mixed domain domain losses several metaregressions performed investigate influence moderator variables none moderator variables found consistently influence relationship cognitive ability risk aversion across domain gains mixed losses moreover significant difference observed males females across three domains conclusion systematic review metaanalysis provides new evidence relationship cognitive ability risk aversion domain specific strong suggested previous studies