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This paper investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of roughly 1,000 German adults. Subjects participate in choice experiments with monetary incentives measuring risk aversion, and impatience over an annual horizon, and conduct two different, widely used, tests of cognitive ability. We find that lower cognitive ability is associated with greater risk aversion, and more pronounced impatience. These relationships are significant, and robust to controlling for personal characteristics, education, income, and measures of credit constraints. We perform a series of additional robustness checks, which help rule out other possible confounds. [ABSTRACT FROM AUTHOR]

This contribution gives a survey on the dialogue-hermeneutic method in the form of an annotated list of references, with the aim of combining a systematic structuring with an historical account. This involves the embedding of the methodological basic structure in the framework of the Research Program Subjective Theories, the description of the two basic methodological steps, the naming of the most important research areas and the consequences as well as suggestions for further research development from the viewpoint of a philosophy of science. [ABSTRACT FROM AUTHOR]