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Cognition and economic outcomes in the health and retirement survey
MacArdle, John J.; Smith, James P.; Willis, Robert - 2009
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10010269015
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Economic conditions at the time of birth and cognitive abilities late in life: Evidence from eleven European countries
Doblhammer, Gabriele; van den Berg, Gerard J.; Fritze, … - 2011
changes in the early life economic environment on late life cognition. In European countries, about three to four economic …
Persistent link: https://www.econbiz.de/10010280717
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Hard evidence on soft skills
Heckman, James J.; Kautz, Tim - 2012
This paper summarizes recent evidence on what achievement tests measure; how achievement tests relate to other measures of cognitive ability like IQ and grades; the important skills that achievement tests miss or mismeasure, and how much these skills matter in life. Achievement tests miss, or...
Persistent link: https://www.econbiz.de/10010282367
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Comparing Students to Workers : The Effects of Social Framing on Behavior in Distribution Games
Carpenter, Jeffrey P.; Burks, Stephen V.; Verhoogen, Eric A. - 2004
To investigate the external validity of Ultimatum and Dictator game behavior we conduct experiments in field settings with naturally occurring variation in "social framing." Our participants are students at Middlebury College, non-traditional students at Kansas City Kansas Community College...
Persistent link: https://www.econbiz.de/10010276947
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Cognitive Abilities and the Demand for Bad Policy
Nunnari, Salvatore; Proto, Eugenio; Rustichini, Aldo - 2024
simple theoretical framework and an experiment to show that enhanced cognitive abilities may lead to better policy choices …
Persistent link: https://www.econbiz.de/10015061950
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Political Ideology, Mood Response, and the Confirmation Bias
Dickinson, David L. - 2022
The confirmation bias is a well-known form of motivated reasoning that serves to protect an individual from cognitive discomfort. Hearing rival viewpoints or belief-opposing information creates cognitive dissonance, and so avoiding exposure to, or discounting the validity of, dissonant...
Persistent link: https://www.econbiz.de/10013351967
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Gambling Habits and Probability Judgements in a Bayesian Task Environment
Dickinson, David L.; Reid, Parker - 2023
Little is known about how gamblers estimate probabilities from multiple information sources. This paper reports on a preregistered study that administered an incentivized Bayesian choice task to n=465 participants (self-reported gamblers and non-gamblers). Our data failed to support our main...
Persistent link: https://www.econbiz.de/10014377209
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The Ideological Roots of Institutional Change
Iyigun, Murat; Rubin, Jared - 2017
Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do such conditions sometimes generate ideological backlashes and at other times lead to transformative sociopolitical movements? We propose an explanation that highlights the...
Persistent link: https://www.econbiz.de/10011653431
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A Theory of Conservative Revivals
Iyigun, Murat; Rubin, Jared; Seror, Avner - 2018
Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic conditions? And why do such conditions sometimes generate conservative ideological backlashes and, at other times, progressive social and political movements? We propose an...
Persistent link: https://www.econbiz.de/10011984514
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Updating, self-confidence and discrimination
Albrecht, Konstanze; von Essen, Emma; Parys, Juliane; … - 2011
In a laboratory experiment, we show that subjects incorporate irrelevant group information into their evaluations of … equally well as individuals from better performing groups. Our experiment leaves room neither for statistical nor taste …-based discrimination. The discrimination we find is rather due to conservatism in updating beliefs. This conservatism is more pronounced in …
Persistent link: https://www.econbiz.de/10010282253