Showing 1 - 10 of 729
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/10010235856
We propose a broadly applicable empirical approach to classify individuals as time-consistent versus naïve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...
Persistent link: https://www.econbiz.de/10012600894
We provide the first empirical evidence on the direct link between locus of control and self-control, and how they interact in explaining a range of health outcomes. Using rich Australian survey data, we find that, while the two traits are distinct constructs, a greater internal locus of control...
Persistent link: https://www.econbiz.de/10013209270
Persistent link: https://www.econbiz.de/10002181637
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...
Persistent link: https://www.econbiz.de/10009535776
Goals are an important source of motivation. But little is known about why and how people set them. We address these … too painful and the individual rather gives up. -- Goals ; self-control ; motivation ; time inconsistency ; psychology …
Persistent link: https://www.econbiz.de/10003793362
We study in an online, real-effort experiment how the bracketing of non-binding goals affects performance in a work-leisure self-control problem. We externally induce the goal bracket - daily goals or a weekly goal - and within that bracket let subjects set goals for how much they want to work...
Persistent link: https://www.econbiz.de/10011724493
Research has shown that procrastination has signicant adverse effects on individuals, including lower savings and poorer health. Procrastination is typically modeled as resulting from present bias. In this paper we study an alternative: excessively optimistic beliefs about future demands on an...
Persistent link: https://www.econbiz.de/10012193799
We test whether an environment of poverty affects time preferences through purely psychological channels. We measured discount rates among farmers in Uganda who made decisions about when to enjoy entertainment instead of working. To circumvent the role of economic constraints, we experimentally...
Persistent link: https://www.econbiz.de/10012596351
Do people only reject interference and keep control in order to affect the outcome? We find that 20% of subjects reject unrequired help and insist on their solution to a problem - although doing so is costly and does not change the result. We tease out the motives by varying the information...
Persistent link: https://www.econbiz.de/10012146658