Are Highly Intelligent People More Likely to Tolerate Risk in China? Evidence from China Family Panel Studies

Table 3

Relationship between risk preferences and test scores.

	(1)		(2)		(3)
Literacy scores	0.873 (0.071)
Numeracy scores			0.850 (0.056)
Cognitive scores					0.929 (0.068)
Constant	0.086 (0.093)		0.100 (0.087)		0.078 (0.091)
N	25359		25362		25356

Note. Interval regression was applied with sample weights. Literacy and numeracy scores represent the standardized values of literacy and numeracy test scores, respectively. Cognitive scores are the standardized values of standardized literacy and numeracy test scores. The dependent variable is interval-censored risk choice. Robust standard errors are reported in parentheses. .