Frontiers in Behavioral Economics最新文献

Is the new mission-oriented R&D policy feasible?: evidence from the national R&D programs in Korea using CVM 以任务为导向的新研发政策是否可行？

Frontiers in Behavioral Economics Pub Date : 2024-06-12 DOI: 10.3389/frbhe.2024.1289610

Jiwoong Yoon, Hokyu Lee, Yeonghun Won

{"title":"Is the new mission-oriented R&D policy feasible?: evidence from the national R&D programs in Korea using CVM","authors":"Jiwoong Yoon, Hokyu Lee, Yeonghun Won","doi":"10.3389/frbhe.2024.1289610","DOIUrl":"https://doi.org/10.3389/frbhe.2024.1289610","url":null,"abstract":"The new mission-oriented national R&D programs, aligned with a transformative paradigm to address societal challenges, face challenges in economic feasibility analysis due to the ongoing development of innovative solutions and the time required for marketization.In this study, we employed a Contingent Valuation Method (CVM) to survey 300 Korean households, exploring their willingness to pay for R&D programs hypothetically funded by their taxes. We estimated the mean willingness to pay (WTP) and multiplied it by the total number of households in Korea to project the annual total benefit for each program.Using metrics like the value-added ratio, marketization success rate, and R&D contribution rate, we assessed the economic value of program benefits. Our analysis indicates a total benefit of KRW 285 billion (KRW 242.5 billion net present value) for a total investment of KRW 990 billion (KRW 505.4 billion net present value), with a benefit-to-cost ratio of 2.08, arming significant economic feasibility.Given the importance of respecting researchers' autonomy, decision-makers may find the CVM a suitable method for validating evidence for new mission-oriented R&D programs across diverse fields.","PeriodicalId":476280,"journal":{"name":"Frontiers in Behavioral Economics","volume":"141 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141351047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Supporting pension decisions with value clarification methods or testimonials: two studies showing mixed effects on activation and feeling of preparation 用价值澄清法或推荐信支持养老金决策：两项研究显示，对激活和准备感的影响不一

Frontiers in Behavioral Economics Pub Date : 2024-06-05 DOI: 10.3389/frbhe.2024.1369500

Jelle Strikwerda, B. Holleman, Hans Hoeken

{"title":"Supporting pension decisions with value clarification methods or testimonials: two studies showing mixed effects on activation and feeling of preparation","authors":"Jelle Strikwerda, B. Holleman, Hans Hoeken","doi":"10.3389/frbhe.2024.1369500","DOIUrl":"https://doi.org/10.3389/frbhe.2024.1369500","url":null,"abstract":"Pension participants need appropriate support when making (complex) pension decisions. Grounded in Fuzzy-Trace Theory, we argue that suitable decisions require participants to (accurately) understand meaningful differences between decision alternatives. Based on this, we investigated the effectiveness of different types of decision support for the decision when to retire.We conducted two experiments among participants of four Dutch pension funds (Study 1: N = 2,328, Study 2: N = 500) on the effectiveness of three different types of decision support: (a) a traditional pros and cons text, (b) a Value Clarification Method (VCM), and (c) testimonials.The studies showed mixed results. In the first study, we found an activating effect of the VCM and the testimonials: participants who received one of these two types of decision support were more likely to visit a web page with additional information. In the second study, we found no differences between the three types of decision support.We discuss possible explanations for the effects found, as well as implications for future (research on) pension decision support.","PeriodicalId":476280,"journal":{"name":"Frontiers in Behavioral Economics","volume":"48 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141383032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Post-play communication of emotions facilitates prosociality and cooperation 游戏后的情感交流有助于亲社会性与合作

Frontiers in Behavioral Economics Pub Date : 2024-05-09 DOI: 10.3389/frbhe.2024.1304833

J. B. Gately, Abdelaziz Alsharawy

{"title":"Post-play communication of emotions facilitates prosociality and cooperation","authors":"J. B. Gately, Abdelaziz Alsharawy","doi":"10.3389/frbhe.2024.1304833","DOIUrl":"https://doi.org/10.3389/frbhe.2024.1304833","url":null,"abstract":"Social decisions with monetary consequences are often accompanied with emotional consequences. Previous studies document a robust role of pre-play message communication in facilitating pro-sociality and cooperation. Yet, the effects of communicating emotional experiences in social interactions (particularly post-play) remain understudied. Here, we examine the value of a social environment where emotional expressions are shared post-play in contrast to a private environment where emotion exposure is absent. We develop an experimental design that facilitates emotion exposure and can be readily administered in or outside the laboratory. In this pre-registered online study, participants (N = 196) completed incentivized extensions of the Dictator Game (DG) and the Prisoners' Dilemma Game (PD). Participants learned to classify their emotional experiences on the arousal, valence, and dominance dimensions using non-verbal pictorial representations. Our experiment comprised both a within-subject and a between-subject manipulation: each participant completed a control condition (C, no emotional exposure) as well as an emotion exposure condition (Emotions), but the type of exposure varied between subjects (certain exposure, or Emotions-E, or probabilistic exposure, or Emotions-P). In all conditions, participants complete a one-shot DG and PD. We find that emotion exposure increases other-regarding behavior under both Emotions-E and Emotion-P conditions in the DG and under Emotions-E only in PD. Further, we find that demand for emotion exposure is hardly driven by the outcome of the social interaction (or the actions selected). We also document how empathic concern influence other-regarding behavior and how reports of emotional experiences vary across treatments and with the different outcomes of social interactions. Our results highlight the integral role of emotion exposure in social decision making. Environments that facilitate the communication of emotional experiences increase pro-sociality and encourage cooperation.","PeriodicalId":476280,"journal":{"name":"Frontiers in Behavioral Economics","volume":" 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140994552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Behavioral and contextual determinants of different stages of saving behavior 储蓄行为不同阶段的行为和环境决定因素

Frontiers in Behavioral Economics Pub Date : 2024-05-03 DOI: 10.3389/frbhe.2024.1381080

Kinga Barrafrem, G. Tinghög, D. Västfjäll

{"title":"Behavioral and contextual determinants of different stages of saving behavior","authors":"Kinga Barrafrem, G. Tinghög, D. Västfjäll","doi":"10.3389/frbhe.2024.1381080","DOIUrl":"https://doi.org/10.3389/frbhe.2024.1381080","url":null,"abstract":"Saving is a journey, beginning with the critical decision to initiate the process, take that pivotal first deposit step, and persistently commit to ongoing savings. However, a lot of saving plans fail already before any deposit is made, and even if the first deposit is made, long-run success of savings is far from guaranteed. In this study, we investigate both individual and saving-goal-specific determinants of successful savings.We use real-life savings data (N = 2,619 saving goals of 808 individuals) from a FinTech company in Sweden that helps individuals save for their goals. In addition, we collect a wide range of individual characteristics related to financial behavior: individuals' objective and subjective financial knowledge, self-control, and information avoidance.Our analysis uncovered distinctive patterns at different stages of the saving process. While objective financial knowledge didn't correlate with how much one saves, it was significantly related to the likelihood of making the first deposit. Furthermore, individuals with high self-control exhibited greater savings, though self-control was not related to the initiation of saving. Interestingly, subjective financial literacy and information avoidance showed no significant association with overall savings behavior. Additionally, our study indicated that the attainability of goals plays a crucial role in depositing funds, with more achievable goals having higher deposit likelihoods. Conversely, ambitious goals, despite their challenging nature, tended to attract more substantial savings. Our findings, grounded in real-life data, provide valuable insights into the intricate mechanisms influencing successful saving behaviors, shedding light on the complexities of financial decision-making and goal pursuit.","PeriodicalId":476280,"journal":{"name":"Frontiers in Behavioral Economics","volume":"45 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141016946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Young children associate buying with feeling richer 幼儿将购买与感觉更富有联系起来

Frontiers in Behavioral Economics Pub Date : 2024-01-11 DOI: 10.3389/frbhe.2023.1293694

H. Kappes

{"title":"Young children associate buying with feeling richer","authors":"H. Kappes","doi":"10.3389/frbhe.2023.1293694","DOIUrl":"https://doi.org/10.3389/frbhe.2023.1293694","url":null,"abstract":"From an early age, children begin to make decisions about buying things they want, or refraining from buying (e.g., to save up for something better). However, it was unclear how these decisions affect their feelings about their economic resources: does buying make children feel richer or poorer? This manuscript describes three studies that address this gap, with children ages 4 through 12 in the United Kingdom and United States. Older children thought that a child who bought something was richer than a child who refrained from buying, even if the target child was still able to accomplish their goal (Study 1). And for children as young as 4, imagining buying something (compared to imagining refraining from buying) predicted and led to imagining themselves feeling richer (Studies 2–3). The magnitude of the effect of buying vs. refraining on feeling rich did not change appreciably through age 12. These findings complement previous research which looked at children's judgments of their family's social status, by showing that children's feelings about their economic resources also fluctuate in response to actions (buying vs. refraining) that impact those resources. This work contributes to an understanding of how feelings of wealth emerge in childhood and has useful implications for adults who want to support children in developing financial skills.","PeriodicalId":476280,"journal":{"name":"Frontiers in Behavioral Economics","volume":"2 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139438256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0