The role of demographics on adolescents’ preferences for risk, ambiguity, and prudence

•We are one the first to study attitudes towards prudence in adolescence.•We explored adolescents’ demographic profile in relation to decision-making under uncertainty.•Adolescents are ambiguity averse and prudent, despite being risk neutral on average.•In addition to studying gender and age, cognitive and non-cognitive abilities provide a more refined description of risk preferences, ambiguity preferences, and prudence.