Originating and managing debt are cognitively demanding tasks that have become more challenging in the past few decades with increasing variety complexity of available financial products. We examine how cognitive ability is related to burdens among older adults whether this relationship has changed over time increasingly complex landscape. find an important predictor age individuals higher take...

We examine the relationship between birth-to-birth intervals and a variety of mid- and long-term cognitive and socioeconomic outcomes, including high school GPA, cognitive ability, educational attainment, earnings, unemployment status, and receiving government welfare support. Using contemporary Swedish population register data and a within-family sibling comparison design, we find that neither...

From a psychological perspective, both cognitive and non-cognitive abilities are significant drivers of human growth. The ability to gather, choose, comprehend information is referred as ability. To be more specific, it consists the nature characteristics objects, well how they relate one another, fundamental laws, future course world. Any skill that not considered non-cognitive. Examples inclu...

Probability weighting is a major concept for accommodating systematic departures from expected utility theory. We examine the relation between probability and cognitive ability with two experiments: one recruiting subjects large variation in other using within-subject manipulation of time constraints lottery choices tests. find significant association likelihood insensitivity—the component weig...