Data for: Empirical Study Relating Macroeconomics Literacy and Rational Thinking

GEE variables Id questionnaire number macro_q: 1—literacy question: expected inflation rate 2—literacy question: expected interest rate 3-- literacy question: expected unemployment rate Answer_macro_q: 0—false 1—true D1_reference: 0—not Rational: not using Expected Utility criterion for decision making 1—Rational: using Expected Utility criterion for decision making D3 0—The decision is not to buy another ticket after losing a previously purchased ticket 1— The decision is to buy another ticket after losing a previously purchased ticket D4 0—The decision is not to buy a ticket after losing money that was saved for ticket purchase 1— The decision is to buy a ticket after losing money that was saved for ticket purchase d34 0— mental accounting: D3=0 & D4=1 1—not performing mental accounting Gender 0—male 1—female Psychometric psychometric grade—the Israeli SAT equivalence institution_wg_hu 0—WG: Western Galilee College 1—HaifaU: University of Haifa