Do IQ and personality predict risk-taking behaviour?

01.09.2020 - 31.08.2024

This research project investigates how individuals’ cognitive abilities, personality traits and socioeconomic background predict their risk preferences and behaviour in gambling markets.

This research project investigates how individuals’ cognitive abilities, personality traits and socioeconomic background predict their risk preferences and behaviour in gambling markets. We use a unique data set which combines socioeconomic registry data on the Finnish population, player account data on horse race betting, and the Finnish Defence Forces’ cognitive ability and personality traits test data on conscripts. Our approach allows for drawing conclusions about individual behaviour in an actual market setting with a rich set of controllable attributes. Our findings provide novel insights into decision making under risk and gambling behaviour. The results can be applied in analyses of financial decision making and gambling markets. Research is funded by Academy of Finland.

Keywords

Time period

01.09.2020 - 31.08.2024

Group members - UEF

Other group members

  • David Forrest, Professor, University of Liverpool Management School
    David Forrest, Professor, University of Liverpool Management School
  • Thomas Epper, Assistant Professor, University of St. Gallen
    Thomas Epper, Assistant Professor, University of St. Gallen
  • Sari Castren, Senior researcher, THL National Institute for Health and Welfare
    Sari Castren, Senior researcher, THL National Institute for Health and Welfare
  • Jussi Palomäki, Postdoctoral researcher, University of Helsinki
    Jussi Palomäki, Postdoctoral researcher, University of Helsinki
  • Mika Kortelainen, Professor, University of Turku
    Mika Kortelainen, Professor, University of Turku