Journal of Behavioral and Experimental Economics最新文献

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Psychosocial stress, hormones, and impulsivity/risk-taking in economic decision-making 经济决策中的社会心理压力、荷尔蒙和冲动/冒险行为
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-28 DOI: 10.1016/j.socec.2024.102262
JohnMichael Jurgensen , Nora Nickels McLean , Javier I. Borráz-León , Valentina D'Anna , Luigi Guiso , Aldo Rustichini , Dario Maestripieri
{"title":"Psychosocial stress, hormones, and impulsivity/risk-taking in economic decision-making","authors":"JohnMichael Jurgensen ,&nbsp;Nora Nickels McLean ,&nbsp;Javier I. Borráz-León ,&nbsp;Valentina D'Anna ,&nbsp;Luigi Guiso ,&nbsp;Aldo Rustichini ,&nbsp;Dario Maestripieri","doi":"10.1016/j.socec.2024.102262","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102262","url":null,"abstract":"<div><p>This study explored the relationships between acute psychosocial stress, hormones, probability and delay discounting, and time perspective in men and women. Study participants were 120 (60 male, 60 female) young adults. Half of them underwent the Trier Social Stress Test (TSST) and half served as controls. Saliva samples were collected from all participants and concentrations of testosterone and cortisol were measured. Risk taking and impulsivity were assessed with a probability discounting and a delay discounting task, respectively. Participants filled out several questionnaires, including the Zimbardo Time Perspective Inventory (ZTPI). The TSST was associated with an increase in salivary cortisol concentrations in males and females, and with an increase in testosterone in males, but not in females. Variation in probability discounting was predicted by changes in testosterone (the higher the testosterone the greater the risk-taking) and by the ZTPI, whereas variation in delay discounting scores was not predicted by hormones, the ZTPI, or other variables. Our study contributes to research on psychosocial stress, hormones, and decision-making by reporting, for the first time, an association between stress-induced changes in testosterone and economic risk-taking. Our study also suggests that risk-taking and impulsivity are different processes associated with different psychological and physiological mechanisms.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141596809","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Married to the job: When your partner's business is the other significant other 与工作结婚:当伴侣的事业成为另一半的重要事业时
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-26 DOI: 10.1016/j.socec.2024.102261
Hassan D Kalantari
{"title":"Married to the job: When your partner's business is the other significant other","authors":"Hassan D Kalantari","doi":"10.1016/j.socec.2024.102261","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102261","url":null,"abstract":"<div><p>This study delves into the relationship between spousal self-employment and life satisfaction, specifically emphasizing the potential moderating effects of the perceived significance of family, leisure, and work. Relationships where both partners are self-employed were also examined. Data from Wave 7 of the World Value Survey (2017–2022) gathered from respondents across 60 nations were analysed by running regression analysis. The results revealed that a high perceived value placed on family, leisure time, and work is associated with lower life satisfaction among spouse-self-employed individuals. Moreover, it was found that life satisfaction is significantly lower when both partners are self-employed. These insights present pivotal implications for policymakers and the self-employed community at large.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214804324000983/pdfft?md5=c3b16f1e0c823d0c3ed1593a7dc1a769&pid=1-s2.0-S2214804324000983-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Don’t leave your kid unattended? Sex differences in children’s competitiveness in presence of their guardian 不要让孩子无人照看?监护人在场时儿童竞争性的性别差异
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-26 DOI: 10.1016/j.socec.2024.102254
Silvia Ortiz-Merchán , María José Lee-Ocampo , Sebastián Cuéllar-Harker , Maria Fernanda Bolívar , Diana Barriga , David Hernández , Alexander Villasmil , César Mantilla , SEE Research Group
{"title":"Don’t leave your kid unattended? Sex differences in children’s competitiveness in presence of their guardian","authors":"Silvia Ortiz-Merchán ,&nbsp;María José Lee-Ocampo ,&nbsp;Sebastián Cuéllar-Harker ,&nbsp;Maria Fernanda Bolívar ,&nbsp;Diana Barriga ,&nbsp;David Hernández ,&nbsp;Alexander Villasmil ,&nbsp;César Mantilla ,&nbsp;SEE Research Group","doi":"10.1016/j.socec.2024.102254","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102254","url":null,"abstract":"<div><p>In the growing literature connecting parents-child economic decision-making, it remains unclear whether children’s competitive performance is affected by their guardian’s presence. We conducted a field experiment in which over 150 children were assigned to one of three tasks (i.e., trivia, a speed stacking game, or jumping a rope) and then chose to compete. Simultaneously, we elicited the guardians’ beliefs about their child’s willingness to compete in the three tasks and their expected performance. We employed a randomized encouragement design, asking guardians to remain close and support their child during the task or to remain distant. We find a positive correlation between the guardians’ presence and better performance in the speed stacking game (but not in the other tasks). Mothers’ beliefs about competitive behavior and performance across tasks are more correlated than fathers’ beliefs. Mixed-sex pairs (i.e., girls with a male guardian and boys with a female guardian) are more likely to compete than same-sex pairs.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The role of future time reference in cross-listing decisions: Cross-country evidence 未来时间参照在交叉上市决策中的作用:跨国证据
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-25 DOI: 10.1016/j.socec.2024.102260
Zeng Lian , Donald Lien , Jiawei Sun
{"title":"The role of future time reference in cross-listing decisions: Cross-country evidence","authors":"Zeng Lian ,&nbsp;Donald Lien ,&nbsp;Jiawei Sun","doi":"10.1016/j.socec.2024.102260","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102260","url":null,"abstract":"<div><p>This paper examines the impact of language on firms’ cross-listing decisions. Utilising the survival analysis on data from 28,602 firms in 44 countries, we hypothesise and find that firms whose operational languages do not grammatically distinguish the future from the present are more likely to cross-list as its first listing destination. After integrating crucial controls, adding various fixed effects, and conducting extensive robustness checks, this relationship remains consistent. Our additional analysis reveals that speakers of such languages on average exhibit stronger long-term orientated thinking, thus predisposing them to benefit from stringent regulations, reduced capital cost, and broader investor base, especially in countries with robust governance. This observation further supports the ‘bonding theory’ and ‘linguistic relativity theory’. Collectively, our research highlights the importance of the linguistic dimension in driving corporate financial decisions.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141541111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
COVID-19 and economic preferences: Evidence from a panel of cab drivers COVID-19 和经济偏好:来自出租车司机小组的证据
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-25 DOI: 10.1016/j.socec.2024.102257
Fernando M. Aragon , Noelia Bernal , Mariano Bosch , Oswaldo Molina
{"title":"COVID-19 and economic preferences: Evidence from a panel of cab drivers","authors":"Fernando M. Aragon ,&nbsp;Noelia Bernal ,&nbsp;Mariano Bosch ,&nbsp;Oswaldo Molina","doi":"10.1016/j.socec.2024.102257","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102257","url":null,"abstract":"<div><p>This paper studies the impact of the COVID-19 pandemic on risk and time preferences. Using a longitudinal dataset from a survey of cab drivers in Lima (Peru), we document a significant increase in risk tolerance and patience. The changes are heterogeneous and monotonic by age: older cohorts become more risk-taking while younger ones become more patient. Our findings suggest that the pandemic could have affected individuals’ behavior and socioeconomic outcomes via another channel, namely, changes in economic preferences.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214804324000958/pdfft?md5=b035443374ddc26f9d79ca17ada1629f&pid=1-s2.0-S2214804324000958-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141604806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-24 DOI: 10.1016/j.socec.2024.102259
Afnei Ngan Billy Tumba, Resfita Dewi, Tarysha Aulya Putri Rany
{"title":"","authors":"Afnei Ngan Billy Tumba,&nbsp;Resfita Dewi,&nbsp;Tarysha Aulya Putri Rany","doi":"10.1016/j.socec.2024.102259","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102259","url":null,"abstract":"","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480081","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Examining affective partisan polarization through a novel behavioral experiment: The equality equivalency test in the United States (2019–2022) 通过新颖的行为实验考察情感上的党派两极分化:美国的平等对等测试(2019-2022年)
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-22 DOI: 10.1016/j.socec.2024.102253
Jonathan Hall , Sam Whitt
{"title":"Examining affective partisan polarization through a novel behavioral experiment: The equality equivalency test in the United States (2019–2022)","authors":"Jonathan Hall ,&nbsp;Sam Whitt","doi":"10.1016/j.socec.2024.102253","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102253","url":null,"abstract":"<div><p>Existing behavioral studies of affective partisan polarization only capture a subset of decision-making preferences and strategies. We apply an innovative experimental design, the Equality Equivalency Test (EET), to investigate a broader range of affective behavior toward partisan others. Based on data from yearly nationwide surveys between 2019 and 2022 with over 6000 observations, we find that affective polarization is expressed through strong malevolent, and to a lesser degree, benevolent deviations from rational expected-utility maximization. The rising preponderance of spitefulness towards political opponents supports negative partisanship as the dominant mechanism governing affective polarization. In addition, we find evidence of growing negative partisanship among independents, who are turning increasingly spiteful toward members of both parties. We argue that the EET should be utilized by scholars as a next-generation design innovation to deepen our understanding of affective polarization.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Gen Z and financial education: Evidence from a randomized control trial in the South of Italy Z 世代与金融教育:来自意大利南部随机对照试验的证据
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-19 DOI: 10.1016/j.socec.2024.102256
Alessia Sconti , Maurizio Caserta , Livio Ferrante
{"title":"Gen Z and financial education: Evidence from a randomized control trial in the South of Italy","authors":"Alessia Sconti ,&nbsp;Maurizio Caserta ,&nbsp;Livio Ferrante","doi":"10.1016/j.socec.2024.102256","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102256","url":null,"abstract":"<div><p>Leading institutions are promoting several financial literacy initiatives worldwide, yet few of them are still measuring their impact on behavior. Following the current debate on the upcoming mandatory financial education implementation in Italy, this paper provides evidence of the consequences of financial education for Gen Zers’ decision-making. Specifically, we focus on the Bank of Italy's booklets initiative to measure the impact of financial education on intertemporal choices in a middle school in the South of Italy. Through a Randomized Control Trial (RCT) and eliciting time preferences with an incentivized task, we find robust evidence that enhancing financial literacy among Gen Zers significantly improves the quality of decision-making and the consistency of intertemporal choices.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214804324000946/pdfft?md5=be76fb275ebf9187f656604d8a486b2b&pid=1-s2.0-S2214804324000946-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Physician behavior: Experimental evidence from physician and patient perspectives 医生行为:从医生和患者角度看实验证据
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-19 DOI: 10.1016/j.socec.2024.102255
Adolf Kwadzo Dzampe , Daisaku Goto
{"title":"Physician behavior: Experimental evidence from physician and patient perspectives","authors":"Adolf Kwadzo Dzampe ,&nbsp;Daisaku Goto","doi":"10.1016/j.socec.2024.102255","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102255","url":null,"abstract":"<div><p>Physician motives remain a hotly debated and sensitive topic. Given the sensitive nature of this issue, direct questions may elicit either dishonest responses or no response at all. To mitigate this risk, we carried out two list experiments between November 2022 and February 2023 to examine two important physician behaviors from both the physician and patient perspectives. In these experiments, participants in the control and treatment groups were shown a list of non-sensitive statements. Additionally, each treatment group received a sensitive statement related to either demand inducement or demand enablement behavior. Participants were then asked to report only the number of statements with which they agreed. The difference in the mean number of statements agreed upon between the control and treatment groups revealed the prevalence rates of sensitive behaviors. In the physician experiment, we observed a 25 % prevalence rate (standard error (SE) = 0.127, <em>p</em> = 0.046) for demand inducement behavior and a 65 % rate (SE = 0.125, <em>p</em> &lt; 0.001) for demand enablement behavior. In the patient experiment, compared to the control group, 52 % of participants (SE = 0.074, <em>p</em> &lt; 0.001) perceived that physicians exhibit demand inducement behavior, while 39 % (SE = 0.073, <em>p</em> &lt; 0.001) demonstrated behavior consistent with demand enablement. These findings indicate that physicians are more prone to offer unnecessary medical services when patients actively participate, underscoring the significant influence of patients on physician behavior.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Deciding for others: Local public good contributions with intermediaries 为他人做决定:有中介机构的地方公益捐助
IF 1.6 3区 经济学
Journal of Behavioral and Experimental Economics Pub Date : 2024-06-08 DOI: 10.1016/j.socec.2024.102247
Andrej Angelovski , Praveen Kujal , Christos Mavridis
{"title":"Deciding for others: Local public good contributions with intermediaries","authors":"Andrej Angelovski ,&nbsp;Praveen Kujal ,&nbsp;Christos Mavridis","doi":"10.1016/j.socec.2024.102247","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102247","url":null,"abstract":"<div><p>Given that pure public goods' broader use is often limited by distance, congestion, or borders, local public goods are prevalent. The decision for the provision of these local public goods is often made by individuals who do not get to consume them. It is, therefore, not clear whether the classic free-riding problem result holds in this framework. We study the provision of a local public good where the public good contribution decisions are made by non-local intermediaries who neither contribute from their own endowment nor directly benefit from the local public good. Each intermediary decides for only one public good beneficiary. Intermediaries make decisions under two compensation mechanisms where their incentives are either non-aligned (fixed), or aligned (variable), with those of the beneficiaries they represent. We find that the use of intermediaries, regardless of the compensation mechanism, significantly increases contributions to the provision of the public good.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214804324000855/pdfft?md5=999db66beaa68ed147621b4cc11d05a3&pid=1-s2.0-S2214804324000855-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141325947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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