I show how using response times as a proxy for effort can address a long-standing issue of how to separate the effect of cognitive ability on performance from the effect of motivation. My method is based on a dynamic stochastic model of optimal …
I plan to revisit the previous results on the relationship between ability and risk preferences. The existing literature suggests that higher cognitive ability is associated with lower risk aversion, however, the mechanism behind this effect remains …
I aim to explore what is the effect of motivation on test scores and how that effect compares to the effect of cognitive ability. The literature on human capital development has long suggested that motivation plays a vital role in success in …