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

Article

Ackert, L., Deaves, R., Miele, J. and Nguyen, Q. 2020. Are time preference and risk preference associated with cognitive intelligence and emotional intelligence? Journal of Behavioral Finance. 21 (2), pp. 136-156. https://doi.org/10.1080/15427560.2019.1663850
TypeArticle
TitleAre time preference and risk preference associated with cognitive intelligence and emotional intelligence?
AuthorsAckert, L., Deaves, R., Miele, J. and Nguyen, Q.
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.

KeywordsExperimental and Cognitive Psychology, Finance
PublisherTaylor & Francis (Routledge)
JournalJournal of Behavioral Finance
ISSN1542-7560
Electronic1542-7579
Publication dates
Online05 Nov 2019
Print02 Apr 2020
Publication process dates
Deposited14 Nov 2019
Accepted17 May 2019
Output statusPublished
Accepted author manuscript
Copyright Statement

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

Digital Object Identifier (DOI)https://doi.org/10.1080/15427560.2019.1663850
LanguageEnglish
Permalink -

https://repository.mdx.ac.uk/item/88976

Log in to edit

Download files

Accepted author manuscript
Richard EQ risk and time preferences.pdf

  • 63
    total views
  • 45
    total downloads
  • 3
    views this month
  • 0
    downloads this month

Export as

Related outputs

Linking top managers' behavioural traits with business practices and firm performance
Kim, H. and Nguyen, Q. 2023. Linking top managers' behavioural traits with business practices and firm performance. Review of Managerial Science. https://doi.org/10.1007/s11846-023-00714-0
Demystifying the role of information provision in travellers’ satisfaction: Insights from a randomized controlled trial
Nguyen, Q. and Chang, S. 2023. Demystifying the role of information provision in travellers’ satisfaction: Insights from a randomized controlled trial. Journal of Quality Assurance in Hospitality and Tourism. 25 (6), pp. 1827-1852. https://doi.org/10.1080/1528008X.2023.2201695
An exploration on the nexus between managers’ present bias and corporate investment
Kim, H. and Nguyen, Q. 2022. An exploration on the nexus between managers’ present bias and corporate investment. Applied Economics Letters. 29 (2), pp. 150-154. https://doi.org/10.1080/13504851.2020.1861186
Non-financial firms hedging risks in East Asia: the link between financial derivatives use, firm value and exposures to country risks
Kim, T. and Nguyen, Q. 2020. Non-financial firms hedging risks in East Asia: the link between financial derivatives use, firm value and exposures to country risks. in: Goutte, S. and Nguyen, D. (ed.) Handbook of Energy Finance: Theories, Practices and Simulations World Scientific. pp. 595-650
Promoting adoption of management practices from the outside: insights from a randomized field experiment
Nguyen, Q. and Kim, T. 2019. Promoting adoption of management practices from the outside: insights from a randomized field experiment. Journal of Operations Management. 65 (1), pp. 48-61. https://doi.org/10.1016/j.jom.2018.11.001
Policy uncertainty, derivatives use, and firm-level FDI
Nguyen, Q., Kim, T. and Papanastassiou, M. 2018. Policy uncertainty, derivatives use, and firm-level FDI. Journal of International Business Studies. 49 (1), pp. 96-126. https://doi.org/10.1057/s41267-017-0090-z
Do natural disasters open a window of opportunity for corruption?
Nguyen, Q. 2017. Do natural disasters open a window of opportunity for corruption? The Journal of Development Studies. 53 (1), pp. 156-172. https://doi.org/10.1080/00220388.2016.1187724
Risk and time preferences: linking experimental and household survey data from Vietnam
Tanaka, T., Camerer, C. and Nguyen, Q. 2016. Risk and time preferences: linking experimental and household survey data from Vietnam. in: Ikeda, S., Kato, H., Ohtake, F. and Tsutsui, Y. (ed.) Behavioral Economics of Preferences, Choices, and Happiness Springer, Tokyo. pp. 3-25
Trust under the prospect theory and quasi-hyperbolic preferences: a field experiment in Vietnam
Nguyen, Q., Villeval, M. and Xu, H. 2016. Trust under the prospect theory and quasi-hyperbolic preferences: a field experiment in Vietnam. Economic Development and Cultural Change. 64 (3), pp. 545-572. https://doi.org/10.1086/685434
Linking loss aversion and present bias with overspending behaviour of tourists: insights from a lab-in-the-field experiment
Nguyen, Q. 2016. Linking loss aversion and present bias with overspending behaviour of tourists: insights from a lab-in-the-field experiment. Tourism Management. 54, pp. 152-159. https://doi.org/10.1016/j.tourman.2015.09.019
Revenue targeting in fisheries
Nguyen, Q. and Leung, P. 2013. Revenue targeting in fisheries. Environment and Development Economics. 18 (5), pp. 559-575. https://doi.org/10.1017/S1355770X13000144
Does nurture matter: theory and experimental investigation on the effect of working environment on risk and time preferences
Nguyen, Q. 2011. Does nurture matter: theory and experimental investigation on the effect of working environment on risk and time preferences. Journal of Risk and Uncertainty. 43 (3), pp. 245-270. https://doi.org/10.1007/s11166-011-9130-4
Risk and time preferences: linking experimental and household survey data from Vietnam
Tanaka, T., Camerer, C. and Nguyen, Q. 2010. Risk and time preferences: linking experimental and household survey data from Vietnam. American Economic Review. 100 (1), pp. 557-571. https://doi.org/10.1257/aer.100.1.557
Do fishermen have different attitudes toward risk? An application of prospect theory to the study of Vietnamese fishermen
Nguyen, Q. and Leung, P. 2009. Do fishermen have different attitudes toward risk? An application of prospect theory to the study of Vietnamese fishermen. Journal of Agricultural and Resource Economics. 34 (3), pp. 518-538.
Choice of remuneration regime in fisheries: the case of Hawaii’s longline fisheries
Nguyen, Q. and Leung, P. 2009. Choice of remuneration regime in fisheries: the case of Hawaii’s longline fisheries. Journal of Agricultural and Resource Economics. 34 (3), pp. 498-517.