Prudence, Personality, Cognitive Ability and Emotional State

CentER Discussion Paper Series No. 2016-030

29 Pages Posted: 2 Sep 2016

Date Written: August 4, 2016

Abstract

We report an experiment to consider the emotional correlates of prudent decision making. In the experiment, we present subjects with lotteries and measure their emotional response with facial recognition software. They then make binary choices between risky lotteries that distinguish prudent from imprudent individuals. They also perform tasks to measure their cognitive ability and a number of personality characteristics. We find that a more negative emotional state correlates with greater prudence. Higher cognitive ability and less conscientiousness is also associated with greater prudence.

Keywords: emotions, prudence, personality, cognitive ability

JEL Classification: C91

Suggested Citation

Breaban, Adriana and van de Kuilen, Gijs and Noussair, Charles N., Prudence, Personality, Cognitive Ability and Emotional State (August 4, 2016). CentER Discussion Paper Series No. 2016-030. Available at SSRN: https://ssrn.com/abstract=2832816 or http://dx.doi.org/10.2139/ssrn.2832816

Adriana Breaban (Contact Author)

Jaume I University ( email )

Castellon, Castellón de la Plana 12071
Spain

Gijs Van de Kuilen

Tilburg University ( email )

P.O. Box 90153
Tilburg, DC Noord-Brabant 5000 LE
Netherlands

Charles N. Noussair

Tilburg University ( email )

P.O. Box 90153
Tilburg, DC Noord-Brabant 5000 LE
Netherlands

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