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A nascent but burgeoning literature examines the importance of non-cognitive skills in determining success across many facets of life. The majority of these papers treat these skills as fixed traits for adults. We estimate the impact of a number of life events on the Big Five personality traits...
Persistent link: https://www.econbiz.de/10012229286
Child skills are shaped by parental investments. Health shocks to parents can affect these investments and their children's skills. This paper estimates causal effects of severe parental health shocks on child socio-emotional skills. Drawing on a large-scale survey linked to hospital records, we...
Persistent link: https://www.econbiz.de/10013337549
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10012697938
We examine the association between the personality trait grit and post-compulsory educational choices and trajectories using a large survey linked to administrative student register data. Exploiting cross sectional variation in students' self-reported grit in the last year of compulsory school,...
Persistent link: https://www.econbiz.de/10014528207
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10010237753
-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …
Persistent link: https://www.econbiz.de/10010354771
We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems …, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision …
Persistent link: https://www.econbiz.de/10010464891
decision makers for whom acquiring and processing information is more costly respond more strongly to changes in incentive … thus consists of a larger proportion of individuals who have a worse understanding of the consequences of their decision …
Persistent link: https://www.econbiz.de/10011863553
explain a set of behavioral anomalies identified across four distinct domains of decision-making: choice under risk, choice …. Building on existing models of noisy Bayesian cognition, we formally propose that cognitive uncertainty generates these …
Persistent link: https://www.econbiz.de/10012138914
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...
Persistent link: https://www.econbiz.de/10014340230