This study analyzed the relationship between CEO’s Financial Sophistication (FS) and investments made in Research Development (R&D), disclosed profit loss statement intangible assets. To this end, data were collected from companies listed on B3 2011 to 2019 R&D personal characteristics of CEO (experiences training) various sources. Factor analysis methods, probit regression models, pane...

We experimentally study the relationship between time inconsistency, sophistication about and self-commitment. Previous research has interpreted demand for commitment devices as evidence of a time-inconsistent decision-maker. In our laboratory experiment, we attempt to measure directly by way cognitive test. then test hypothesis that people who are both show high capacity take up when offered i...