{"title":"Natural disasters, environmental values, and the importance of politics: Empirical evidence from worldwide survey data","authors":"Sven Fischer , LeeAnn Patterson","doi":"10.1016/j.joep.2026.102890","DOIUrl":"10.1016/j.joep.2026.102890","url":null,"abstract":"<div><div>This study examines how the experience of natural disasters is associated with environmental values, using the Integrated Values Surveys (IVS) which includes more than 600,000 respondents from 116 countries over the period 1981 to 2022. The study looks to expand on previous literature within this field, taking on a broad approach in examining the relationship between natural disasters and environmental values, using individual-level and country-level data from different world regions. Conducted with ordinary least squares (OLS) and probit regression models, the results suggest that the increase in the number of individuals affected by natural disasters has a statistically significant and positive association with pro-environmental values, which are measured through different IVS questions and a self-created index. The study also finds heterogenous results for different world regions and moderating roles of income level, regime type, and cultural value orientations. Moreover, the traditional and causal mediation analysis shows that environmental values, among others, are important mediators to explain the association of natural disasters and the respondents’ reported importance of politics. This added knowledge of how the experience of natural disasters is associated with environmental values, and the importance of politics not only supports previous findings in this area but also can be used for designing economic policies related to disaster awareness and preparedness, and to promote environmental values.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"114 ","pages":"Article 102890"},"PeriodicalIF":2.3,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146192763","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"When choice matters: The asymmetric effects of precommitment implementation on healthy food choice","authors":"Marta Favara , Joanna Mihaylova , Alan Sánchez","doi":"10.1016/j.joep.2026.102889","DOIUrl":"10.1016/j.joep.2026.102889","url":null,"abstract":"<div><div>This paper investigates the role of precommitment in making healthy food choices, using a lab-in-the-field experiment embedded in the Young Lives longitudinal study in Peru. Leveraging the fact that participants were scheduled for a blood test and would therefore require a snack afterwards, we elicited participants’ snack choice from a predefined set. Participants were asked whether they wished to pre-commit to their preferred snack choice (either healthy or unhealthy) to be consumed the following day, following their blood test, or to choose the snack on the spot. A randomised subsample was informed about the rationale for precommitment (information treatment) prior to their decision. After deciding whether they would like to pre-commit their snack choice or not, participants were again randomised into two groups: the first group had their preferred choice (either pre-commit or choose on the spot) implemented; in contrast, the second group’s choice was overridden (‘choice override’ treatment). Our findings suggest that: first, there is a high demand for precommitment, with 68.5% of participants wanting to pre-commit their preferred snack choice. Second, the information treatment had no significant effect on participants’ willingness to pre-commit. Third, overriding participants’ precommitment decision leads to asymmetric effects on desired behaviour: for those who had pre-committed to a healthy snack, being forced to choose on the spot decreases healthy food choice; conversely, those who pre-committed to an unhealthy snack were more likely to choose a healthy one. These findings highlight the need to carefully target commitment devices, given their potential asymmetric effects on desired behaviours.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"114 ","pages":"Article 102889"},"PeriodicalIF":2.3,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146122683","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alexander Egberts , Christoph Engel , Joshua Fairfield
{"title":"Out of sight is out of mind? Experimentally testing a gradually materializing public bad","authors":"Alexander Egberts , Christoph Engel , Joshua Fairfield","doi":"10.1016/j.joep.2026.102877","DOIUrl":"10.1016/j.joep.2026.102877","url":null,"abstract":"<div><div>Many social ills can be modeled as a public bad. In such scenarios, private benefit is often immediate, while the public damage takes some time to materialize. In this experiment, we investigate the behavioral effects caused by such delays in the realization of collective harm. By manipulating the weight with which the damages caused by group contributions are carried over to the next round, we alter the number of periods required for the social damage to unfold fully. We keep constant the economic consequences of contributions between treatments (by introducing a multiplier for the damage) and between periods (by deducting all unrealized harm at the end of the game) to avoid multiple equilibria. In a second treatment dimension, we isolate the cognitive challenges of this experiment by replacing human group members with “computerized players” that perfectly copy each subject’s previous behavior. We find that participants’ behavior is less cooperative over time when harm is deferred into the future. Our results also suggest that the driving mechanism behind this effect is not insufficient anticipation, but the lack of having experienced the negative consequences of the public damage.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102877"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145928003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measuring employers’ demand for personality traits in job ads","authors":"Vera Brenčič , Andrew McGee","doi":"10.1016/j.joep.2026.102887","DOIUrl":"10.1016/j.joep.2026.102887","url":null,"abstract":"<div><div>We propose measures of employers’ demands for personality traits from job ads based on employers’ use of trait-descriptive terms from the psychology literature on personality. Identifying personality demands in job ads requires addressing challenges such as the prevalence of false positives. We demonstrate that as many as half of all instances of trait descriptive terms in job ads are false positives in the sense that they do not refer to workers’ personalities. The presence of false negatives is less problematic. After eliminating false positives, we validate that our measures capture employers’ demand for personality traits by showing that, at the occupation level, our measures are correlated with the traits of individuals in those occupations for all traits except emotional stability. In our sample of job ads, personality trait demands are as prevalent as requirements for educational attainment and work experience. Consistent with evidence on the importance of social skills in the labor market, extroversion is the trait most sought by employers, but a substantial fraction of ads also indicate demand for conscientiousness, openness, and agreeableness.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102887"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146038553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Doron Sonsino , Patrik Michaelsen , Tommy Gärling , Magnus Jansson
{"title":"The sober outlook of proficient investors –Characterizing competence through canonical correlation analysis","authors":"Doron Sonsino , Patrik Michaelsen , Tommy Gärling , Magnus Jansson","doi":"10.1016/j.joep.2025.102876","DOIUrl":"10.1016/j.joep.2025.102876","url":null,"abstract":"<div><div>The identification of competence in financial decision is complicated by endogeneity concerns, and the problem aggravates in experimental studies controlling for expectations and confidence. This paper promotes the use of <em>Canonical Correlation Analysis</em> to characterize competence, circumventing all endogeneity obstacles. CCA is applied to extract the competence index (CMPT) that exhibits the strongest predictive power for the performance of 141 Swedish investors in framed-field prediction/trading tasks. The winning CMPT integrates four dissimilar variables that have been separately linked with proficient decision in preceding research, including self-assessed market familiarity and confidence in the accuracy of predictions. Portfolios that copy/reverse the trades of the highest/lowest CMPT deciles earn more than 10% annualized return, net of borrowing costs. Competence currently links with pessimistic predictions, selling stocks even when predictions are positive, and sceptical view of professional analysis.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102876"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145886194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Information combination and preference reversals: Eye-tracking data","authors":"Raúl López-Pérez , Eli Spiegelman","doi":"10.1016/j.joep.2025.102875","DOIUrl":"10.1016/j.joep.2025.102875","url":null,"abstract":"<div><div>In the classic preference reversal (PR) phenomenon, individuals often choose the safer of two gambles but assign a higher monetary evaluation to the riskier one. A key distinction between choice and evaluation tasks is that the former typically require comparative processing of the two bets, while the latter can be conducted in isolation for each bet. If this <em>task-mode</em> difference plays a causal role in generating PRs, then the frequency of PRs across individuals should correlate with differences in comparative cognitive processes across tasks. Assuming that sequences of visual fixations reflect cognitive comparisons, we test this hypothesis using eye-tracking during a classic PR experiment. Specifically, we compare the prevalence of <em>across-bet transitions</em>, eye movements between the probabilities or prizes of different bets, with <em>within-bet transitions</em>, movements between attributes of the same bet. As expected, participants exhibit more across-bet transitions in Choice than in Evaluation. However, variation in transition patterns does not predict behavior or PR incidence, challenging context-dependent explanations of classical PRs.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102875"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145886195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Replication: No action ‘Bias’ among elite soccer goalkeepers during penalty kicks","authors":"Rishav Singh, Sumitava Mukherjee","doi":"10.1016/j.joep.2026.102886","DOIUrl":"10.1016/j.joep.2026.102886","url":null,"abstract":"<div><div>One of the core questions in economic psychology has been whether decision making is optimal. It is especially important to study this question in naturalistic environments, with significant real-world consequences. One such example is on-field decisions during penalty kicks in soccer. Bar-Eli and colleagues (Bar-Eli, M., Azar, O. H., Ritov, I., Keidar-Levin, Y., & Schein, G. (2007). Action bias among elite soccer goalkeepers: The case of penalty kicks. <em>Journal of Economic Psychology</em>, <em>28</em>(5), 606–621.) claimed that elite soccer goalkeepers during penalty kicks have an action bias: they jump to the left or right much more often, even though the optimal action would be to stay in the center. They further comment that biased decision making among such professionals is quite unexpected, given the huge incentives they have for making optimal decisions. Given the large implications of such a possibility, we re-looked at this claim by examining the distribution of 292 on-target penalty kicks from a different dataset: Men’s World Cup matches (1982–2022), which is one of the high-stake elite soccer tournaments in the world. Although goalkeepers were jumping more often towards the left or right and staying less often in the center, they had statistically similar chances of stopping the goal for both decisions. Additionally, there were more kicks to the left and right compared to the center. Thus, we conclude that jumping is not a sub-optimal action for goalkeepers and high frequency of jumping is not indicative of action ‘bias’, which suggests competent decisions by these professional goalkeepers during penalty kicks.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102886"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145978379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Aging and financial risk-taking: A meta-analysis","authors":"Erica Ordali, Chiara Rapallini","doi":"10.1016/j.joep.2026.102888","DOIUrl":"10.1016/j.joep.2026.102888","url":null,"abstract":"<div><div>This paper examines the association between aging and financial risk attitudes by conducting a meta-analytical review of empirical evidence from the economic and psychological literature. We find that differences in effects are largely driven by the methods used to measure risk preferences. In particular, the positive association between risk aversion and age is confirmed in studies using survey data and lotteries, whereas psychological tasks highlight the role of the learning process and suggest that cognitive abilities and health status may influence preferences. The meta-regression on effect sizes from survey-based studies reveals not only the importance of using longitudinal data but also that cognitive abilities and health status account for a significant portion of the heterogeneity in this sample.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102888"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146078312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Armando Holzknecht, Sebastian Bachler, Jürgen Huber, Michael Kirchler
{"title":"From individual choices to the four-eyes principle: The big robber game revisited among financial professionals and students","authors":"Armando Holzknecht, Sebastian Bachler, Jürgen Huber, Michael Kirchler","doi":"10.1016/j.joep.2026.102885","DOIUrl":"10.1016/j.joep.2026.102885","url":null,"abstract":"<div><div>While headline news programs frequently report cases of large-scale fraud, corruption, and other immoral behavior, laboratory experiments often show prosocial behaviors in strategic games. To reconcile and explain these seemingly conflicting observations, Alós-Ferrer et al. (2022) introduced the <span><math><mrow><mi>B</mi><mi>i</mi><mi>g</mi></mrow></math></span> <span><math><mrow><mi>R</mi><mi>o</mi><mi>b</mi><mi>b</mi><mi>e</mi><mi>r</mi></mrow></math></span> <span><math><mrow><mi>G</mi><mi>a</mi><mi>m</mi><mi>e</mi></mrow></math></span> (BRG)—an altered dictator game where one <em>robber</em> can take money from multiple <span><math><mrow><mi>v</mi><mi>i</mi><mi>c</mi><mi>t</mi><mi>i</mi><mi>m</mi><mi>s</mi></mrow></math></span>. They reported low levels of prosocial behavior among a pool of student subjects, who behaved more prosocially in bilateral games than in the BRG. In our study, we conceptually replicate Alós-Ferrer et al. (2022) and extend the BRG to a 2x2 factorial design with over 870 participants, comparing the behavior of financial professionals and students. Moreover, inspired by the four-eyes principle, a common practice in the finance industry, we investigate decision-making both individually and in pairs. We find overall support for the results of Alós-Ferrer et al. (2022) and add that finance professionals rob less than students. Accounting for multiple hypothesis testing and control variables, we find that treatment differences disappear, indicating similar behavior across individuals, pairs, finance professionals, and students. Finally, in a series of exploratory analyses, we show that <span><math><mrow><mi>v</mi><mi>i</mi><mi>c</mi><mi>t</mi><mi>i</mi><mi>m</mi><mi>s</mi></mrow></math></span> expect finance professionals to rob significantly more than students, implying that finance professionals are considered to be less prosocial than students’ peers.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102885"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146038554","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Females Welcome! When immigrants make the native population happy","authors":"Hilke Brockmann , Roger Fernandez-Urbano","doi":"10.1016/j.joep.2025.102874","DOIUrl":"10.1016/j.joep.2025.102874","url":null,"abstract":"<div><div>Despite the growing interest in migration studies, research examining the impact of immigration on the subjective well-being of local populations remains surprisingly limited, often yielding inconclusive and contradictory findings. Notably, the influence of the gender composition of immigrant populations has been overlooked in the literature. This study addresses this gap by employing the social production function framework to assess how gender-specific immigration patterns affect the well-being of native populations over time, using longitudinal data from Germany and Catalonia (Spain). Our empirical analysis employs fixed-effects panel models for both regions, a regression discontinuity design, and a difference-in-differences specification for Germany, providing robust evidence of substantial gender-based differences in the effects of immigration. Specifically, we find that the arrival of female immigrants is significantly and positively correlated with increased life satisfaction among the native population. In contrast, the influx of male immigrants is associated with a reduction in native life satisfaction. This pattern holds consistently across both male and female natives. Interestingly, during periods of economic crisis, the observed disparity between the effects of female and male immigration appears to diminish, suggesting that financial conditions may moderate the influence of gender-specific migration. These findings carry important implications for understanding the drivers of anti-immigrant sentiments, particularly in contexts where gender dynamics may play a critical role. Moreover, the results have potential policy relevance, suggesting that differentiated approaches to immigration management could help mitigate the social tensions arising from gender-specific migration trends.</div></div>","PeriodicalId":48318,"journal":{"name":"Journal of Economic Psychology","volume":"113 ","pages":"Article 102874"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146189161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}