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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 383-388
In this note we shall discuss a concept that – despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language – has never gained a foothold in economic theory: the concept of empathy. Specifically,...
Persistent link: https://www.econbiz.de/10011116842
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The evolution of hyperbolic discounting: Implications for truly social valuation of the future
Gowdy, John; Rosser, J. Barkley; Roy, Loraine - In: Journal of Economic Behavior & Organization 90 (2013) S, pp. 94-94
We explore the standard expected utility model and alternatives to it. We then examine the behavioral and neurological evidence for hyperbolic discounting. We discuss evidence related to the neurological and behavioral evolution of discounting in non-human animals and in humans. We explore new...
Persistent link: https://www.econbiz.de/10010678977
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The effects of personality traits on adult labor market outcomes: Evidence from siblings
Fletcher, Jason M. - In: Journal of Economic Behavior & Organization 89 (2013) C, pp. 122-135
important role in producing both personality and other non-cognitive skills and labor market outcomes is family background … personality on employment and wages and is also able to control for many other sources of heterogeneity, including attractiveness …, cognitive ability, schooling, occupation, and other factors. Overall, the findings suggest that personality measures have …
Persistent link: https://www.econbiz.de/10011048196
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Unequal opportunities and distributive justice
Eisenkopf, Gerald; Fischbacher, Urs; Föllmi-Heusi, … - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 51-61
We provide experimental evidence on how unequal access to performance enhancing education affects demand for redistribution. People earn money in a real effort experiment and can then decide how to distribute it among themselves and another subjects. We compare situations in which randomly...
Persistent link: https://www.econbiz.de/10011048092
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Healthy habits: The connection between diet, exercise, and locus of control
Cobb-Clark, Deborah A.; Kassenboehmer, Sonja C.; … - In: Journal of Economic Behavior & Organization 98 (2014) C, pp. 1-28
This paper analyzes the relationship between individuals’ locus of control and their decisions to exercise regularly, eat well, drink moderately, and avoid tobacco. Locus of control is a psychological concept reflecting individuals’ beliefs about the extent to which life's outcomes are...
Persistent link: https://www.econbiz.de/10010743946
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Learning and evolution of altruistic preferences in the Centipede Game
Gamba, Astrid - In: Journal of Economic Behavior & Organization 85 (2013) C, pp. 112-117
Several studies show that evolution favors non-selfish preferences only if preference types are observable. We present … behavior. We show that altruism may be evolutionarily successful even if preferences are unobservable. …
Persistent link: https://www.econbiz.de/10010608200
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Does a Protestant work ethic exist? Evidence from the well-being effect of unemployment
van Hoorn, André; Maseland, Robbert - In: Journal of Economic Behavior & Organization 91 (2013) C, pp. 1-12
Evidence on Weber's original thesis on a Protestant work ethic is ambiguous and relies on questionable measures of work attitudes. We test the relation between Protestantism and work attitudes using a novel method, operationalizing work ethic as the effect of unemployment on individuals’...
Persistent link: https://www.econbiz.de/10010678984
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Temporal stability and psychological foundations of cooperation preferences
Volk, Stefan; Thöni, Christian; Ruigrok, Winfried - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 664-676
cooperation preferences. The personality dimension ‘Agreeableness’ is closely related to both the type and the stability of …A core element of economic theory is the assumption of stable preferences. We test this assumption in public goods … games by repeatedly eliciting cooperation preferences in a fixed subject pool over a period of five months. We find that …
Persistent link: https://www.econbiz.de/10011048081
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The meerkat effect: Personality and market returns affect investors’ portfolio monitoring behaviour
Gherzi, Svetlana; Egan, Daniel; Stewart, Neil; Haisley, … - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 512-526
markets are closed. Moreover, an investor personality trait – neuroticism – moderates the pattern of portfolio monitoring …
Persistent link: https://www.econbiz.de/10011116873
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Personality and the marginal utility of income: Personality interacts with increases in household income to determine life satisfaction
Boyce, Christopher J.; Wood, Alex M. - In: Journal of Economic Behavior & Organization 78 (2011) 1, pp. 183-191
Economics implicitly assumes that the marginal utility of income is independent of an individual's personality. We show … that this is wrong. This is the first demonstration that there are strong personality–income interactions. In an analysis … use of financial incentives to influence behavior. In the future, public policy may benefit from being personality-specific. …
Persistent link: https://www.econbiz.de/10010576948