|
on Neuroeconomics |
|
Issue of 2013‒12‒15
five papers chosen by |
| By: | Nikos Bozionelos (Audencia Recherche - Audencia); Giorgos Bozionelos (Psychiatric Hospital of Petras Olympou - General Hospital of Katerini); Panagiotis Polychroniou (University of Patras - University of Patras); Konstantinos Kostopouplos (EADA Business School Barchelona - EADA) |
| Abstract: | The research investigates the relationship of the Big-Five of personality with mentoring receipt with the use of two independent studies. The findings of the studies show substantial consistency. Equations of quadratic form describe half of the tested relationships better than linear equations. The association of openness to experience and agreeableness with mentoring receipt is of inverted U-shape. The benefits of being open and agreeable for mentoring receipt cease to exist at high values of these traits. On the other hand, emotional stability and conscientiousness demonstrate exclusively positive linear relationships with mentoring receipt. The form of the relationship of extraversion differs between the two studies, but the overall trend is positive. The substantial quadratic component in the association of personality with receipt of mentoring means that research hitherto may be grossly underestimating the effects of personality on developmental relationships because earlier studies assume strictly linear associations. Parts of the results also imply that the associations of certain personality traits with mentoring receipt may depend upon the occupational context. |
| Keywords: | mentoring receipt; protégés; personality; big-five; quadratic; inverted U-shaped; multi-source; context; common method |
| Date: | 2014–02 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-00911043&r=neu |
| By: | Christoph Bühren (University of Kassel); Thorben C. Kundt (Helmut-Schmidth-University) |
| Abstract: | We conducted an experimental study on social preferences using dictator games similar to Fehr et al. (2008). We show that social preferences differ between participants who receive low-stakes monetary rewards for their decisions and participants who consider hypothetical stakes. The results are robust when we control for socio-demographic characteristics and participants’ risk attitudes. Besides incentives, gender plays an important role for the categorization of different social preferences. |
| Keywords: | social preferences, incentive mechanisms, dictator games |
| JEL: | D91 |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:mar:magkse:201349&r=neu |
| By: | Deborah A. Cobb-Clark (Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; and IZA, Bonn); Sonja C. Kassenboehmer (Melbourne Institute of Applied Economic and Social Research, The University of Melbourne; and IZA, Bonn); Mathias G. Sinning (Research School of Economics, College of Business and Economics, The Australian National University; RWI, Essen; and IZA, Bonn) |
| Abstract: | This paper analyzes the relationship between individuals’ locus of control and their savings behavior, i.e. wealth accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals’ beliefs about the controllability of life events and is a key component of self-control. We find that households with an internal reference person save more both in terms of levels and as a percentage of their permanent incomes. Although the locus-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor households. Finally, households with an internal reference person and average net worth hold significantly less financial wealth, but significantly more pension wealth, than otherwise similar households with an external reference person. |
| Keywords: | Non-cognitive skills, locus of control, wealth accumulation, asset portfolios, savings |
| JEL: | G02 G11 I31 R21 |
| Date: | 2013–12 |
| URL: | http://d.repec.org/n?u=RePEc:iae:iaewps:wp2013n42&r=neu |
| By: | Scott, James; Spencer, Liz |
| Abstract: | This paper explores the process that links low achievement, school exclusion and involvement in crime among African-Caribbean boys and young men. Based on qualitative interviews with pupils and teachers at a pioneering secondary school in London and also with African-Caribbean young men who had dropped out of or been excluded from other schools in the area, we identify key aspects of trouble at school and ways in which this can lead to trouble on the street. When students experience academic or behavioural problems they may drop out of or be formally excluded from school. Although schools are responsible for arranging alternative provision, in practice, once out of mainstream education, students are unlikely to gain academic qualifications and the problem of low achievement is exacerbated. They are then at a disadvantage in the job market, and their perceived lack of legitimate opportunities for making money may lead them to engage in crime. A complex interplay of factors appears to influence this low achievement school exclusion crime sequence, including the young persons family background, their neighbourhood, and the culture in which they are embedded. According to the students who took part in school interventions the main benefits of participation were seen as: being part of a community of support; improved motivation; higher academic achievement; the ability to express emotions constructively; and a greater sense of responsibility and self- worth. Our research suggests that by adopting an inclusive rather than exclusive policy, schools can buy time, retaining vulnerable young men within the educational system, keeping their options open until they have a chance to mature, rather than leaving them to the uncertainty of the street. |
| Date: | 2013–11–25 |
| URL: | http://d.repec.org/n?u=RePEc:ese:iserwp:2013-25&r=neu |
| By: | Roman Kraussl; Carmen Lee; Leo Paas (LSF) |
| Abstract: | This paper investigates the effect of anticipated/experienced regret and pride on individual investors decisions to hold or sell a winning or losing investment, in the form of the disposition effect. As expected the results suggest that in the loss domain, low anticipated regret predicts a greater probability of selling a losing investment. While in the gain domain, high anticipated pride indicates a greater probability of selling a winning investment. The effects of high experienced regret/pride on the selling probability are found as well. An unexpected finding is that regret (pride) seems to be not only relevant for the loss (gain) domain, but also for the gain (loss) domain. In addition, this paper presents evidence of interconnectedness between anticipated and experienced emotions. The authors discuss the implications of these findings and possible avenues for further research. |
| Keywords: | Regret, pride, the disposition effect, risky decision |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:crf:wpaper:13-5&r=neu |