Research on the link between intelligence and economic decision making is a recent development in the more general attempt to introduce theories of individual differences and personality traits into the analysis of economic behavior. We lay down here what we know from behavioral studies, from imaging studies, both functional and anatomical, and insights from decision theory and game theory. All the results point to a correlation and perhaps a deeper link between cognition and decision making, both in single-player and in strategic environments. We see several pieces of a puzzle, and provide some suggestions on how future research will discover the hidden image.
Bibliographical noteFunding Information:
The research was supported by a National Science Foundation SES 1357877 to AR.