. Author manuscript; available in PMC: 2018 Dec 11.

Published in final edited form as: J Eur Econ Assoc. 2013 Dec 1;11(6):1231–1255. doi: 10.1111/jeea.12055

Table 1.

Preferences and cognitive ability: Study 1. Dependent variable: Number of normative (risk neutral, patient) choices.

Preference type	Risk (gains)		Risk (gain/loss)		Time preference (now vs. one week)
Preference type	(1)	(2)	(3)	(4)	(5)	(6)
Standardized math score	0.3059	0.3361	0.2393	0.2486	0.2125	0.2797
	(0.1192)	(0.1330)	(0.1172)	(0.1295)	(0.1147)	(0.1268)
	[0.0535]	[0.0585]	[0.0432]	[0.0447]	[0.0703]	[0.0911]
Demographic controls?		X		X		X
Share making all normative choices	0.1087	0.1087	0.1087	0.1087	0.2826	0.2826
Pseudo-R²	0.0268	0.0282	0.0200	0.0231	0.0120	0.0198
N	92	92	92	92	92	92

Notes: Results are from ordered probit models, with standard errors in parentheses and estimated marginal effect on the probability of all normative choices (evaluated at the sample mean of the independent variables) in brackets. Dependent variable is the number of normative choices made in the given preference elicitation. See Section 2 for details of preference elicitation. Demographic controls are gender and the mean income in the participant’s municipality of residence.