Cognitive ability correlates positively with many financial outcomes but why? One important relationship to understand is the degree which cognitive associated greater knowledge of economics, this has not been tested extensively. Here in two large, pre-registered studies ( N = 1356), we between and both economic literacy. Three predictions were key: i) would show a large positive association kn...

National security depends on soft power, the ability of a country to generate and use its economic power and to project its national values. It also depends on long-term factors that contribute to economic growth and increase the total resources base available not only for defense but to provide economic security in the form of income and business opportunities for individuals. The economic iss...

Structural economic models allow one to analyze counter-factuals when economic system change and to evaluate the well being of economic agents. A key element in such analysis is the ability to identify the primitive functions and distributions of the economic models that are employed to describe the economic phenomena under study. Recent developments in nonparametric identification of structura...