Intelligence makes people think like economists: Evidence from the General Social Survey

What characteristics of board of directors affect Indonesian bank performance?

“…One of the characteristics is intelligence. Caplan and Miller (2010) drew conclusion that education is proxy for intelligence. There have been previous studies showing positive relationship between educational attainment and firm performance such as King, Srivastav, and Williams (2016).…”

Cognitive capital, good governance, and the wealth of nations

“…For example, economies and societies at a higher ability level are likely to develop new and complex technology and will absorb innovations from other countries more quickly (Jones, 2012). Intelligence also reduces corruption (Potrafke, 2012), and more intelligent people tend to prefer pro-market policies (Caplan & Miller, 2010), both of which have a positive impact on economic growth. Thus we assume a causal impact of national cognitive ability on productivity, income, and wealth.…”

Economic Beliefs and Party Preference

“…Furthermore, young people with little own working experience may share the economic views of their parents so that students whose parents have a high professional status might think more like economists than those from lower class families. The underlying reason for the documented effects of education might be cognitive skills, since economic reasoning is often abstract and complicated, findings by Caplan and Miller (2010) confirm this. Assuming that high school final grades are a proxy for cognitive skills, students with good grades should have more expert like economic beliefs.…”