Showing papers in "Journal of Economic Psychology in 2012"

TL;DR: In this paper, the authors present a mnemonic, Mindspace, which gathers up the nine most robust effects that influence our behaviour in mostly automatic (rather than deliberate) ways.

TL;DR: In this paper, the authors provide indications of the presence and importance of entrepreneurial role models, the function of these role models and the similarity between the entrepreneur and the role model, and the strength of their relationship.

TL;DR: This paper examined the relationship between self-control, financial literacy and over-indebtedness on consumer credit debt among UK consumers and found that lack of self control and financial illiteracy are positively associated with non-payment of consumer credit and self-reported excessive financial burdens of debt.

TL;DR: In this paper, the authors investigated why women's self-employment rates are consistently lower than those of men, and found that women's lower preference for becoming self-employed plays an important role in explaining their lower involvement in self employment.

TL;DR: In this paper, the authors report findings from two studies, conducted during an economic boom in Iceland, examining the association of materialism and indicators of financial well-being: amount of debt, financial worries, spending tendency, money management skills and compulsive buying.

TL;DR: In this article, the authors investigated academic scientists' transition to entrepreneurship by studying their academic entrepreneurial intentions (to found a business in order to market their research knowledge) and actual founding behavior.

TL;DR: In this paper, the authors examined to which extent adolescents' everyday pro-environmental behaviour is the outcome of their own proenvironmental attitudes or the product of social influence within the family, that is, a reflection of the dominating values and norms in the family group as manifested most clearly in their parents' attitudes and behaviour.

TL;DR: This paper investigated the relationship between participation in physical activity and self reported happiness in the United States and found that individuals living in a county with greater access to sports facilities are more likely to participate in physical activities and also report higher life satisfaction.

TL;DR: In this paper, four online surveys examined the Big Five personality traits and material values of those who manage their money and determined the independent effects of money management on wealth, debt, and compulsive buying.

TL;DR: The authors compare the strategy method and the direct response method in public good experiments in a within-subject design and find that people identified by the strategy methods as conditional cooperators also behave as conditional co-loperators under the direct-response method.

TL;DR: In this paper, the authors explore whether personality or psychological traits predispose individuals to benefit more from entrepreneurship training and find no evidence of longer-term effects and no evidence for differential effects of entrepreneurship training for individuals who are more innovative.

TL;DR: In this article, the authors investigated the extent to which people make financial decisions on the basis of their dispositional tendency to engage in a specific emotion, such as anger or anxiety, and found that trait anger is associated with the decision to invest, whereas trait anxiety motivates individuals to avoid investments.

TL;DR: This article used regional sunshine as an instrument for personal happiness using the Dutch Household Survey from the Netherlands and found that happier people are more likely to save more, spend less, and have a lower marginal propensity to consume.

TL;DR: In this article, the authors model the tradeoff between increased autonomy from self-employment and the generally higher income that traditional employment offers and show that newly self-employed individuals are willing to accept lower earnings outcomes in exchange for psychic benefits from selfemployment, but also that the structure of their optimal launch-timing decision guarantees that they will quit at a time such that their income will (at least initially) be reduced.

TL;DR: This article found that higher levels of spirituality correspond to a decreased desire to consume material goods in a conspicuous manner, which is consistent with the view that materialistic pursuits are incompatible with following a spiritual life.

TL;DR: In this paper, the authors analyzed differences in debt perception of households confronted with an objective debt burden using data from the German Socio-economic Panel and found that a subjective debt burden is not only influenced by the current constellation of income, debt service and, possibly, the potential subsistence level, but also by expectations of the personal economic situation and several non-financial factors.

TL;DR: The authors found that the tendency to share half of one's endowment increases with age between the ages of 3 and 8, and that true inequity aversion only appears at the age of 9-10 when children not only give more, but they correspondingly also feel better when their endowments are equally divided.

TL;DR: In this article, a longitudinal study was conducted to investigate the annual change in financial risk tolerance scores of individuals over a 5-year period and the factors that influence such change, and they found that the change was associated with a decrease in the household size and an increase in the risk tolerance after terminating the services of a financial planner.

TL;DR: In this article, the authors investigate how the strength of the positive association between frequency of trading and information acquisition is dependent on the sources of information used by investors and on investors' overconfidence.

TL;DR: This paper found that people trust even when their expectations of reward fall below their general tolerance for risk, even when they have been assigned to a specific counterpart in the game, even though their economic expectations and payoffs remain unchanged.

TL;DR: In this paper, the authors study a principal agent model where agents derive a sense of pride from accomplishing production goals and introduce the concept of personal standards which determine what becomes challenging and rewarding to them, and hence the intensity of their intrinsic motivation to achieve goals.

TL;DR: This paper found that higher openness was associated with increased cumulative unemployment at the prime working age and individuals with higher openness entered into unemployment spells more frequently, not because their unemployment spells would be particularly long.

TL;DR: In this article, the authors analyzed whether the willingness to trust other people influences the probability of starting a business, and whether trust, positive reciprocity, and negative reciprocity influence the exit probability of entrepreneurs.

TL;DR: In this article, the authors revisited the debate over the importance of absolute vs. relative income as a correlate of subjective well-being using data from Bangladesh, one of the poorest countries in the world with high levels of corruption and poor governance.

TL;DR: In a follow-up questionnaire study where sequences of three rolls were presented, lying increased where counterfactuals became available as predicted by Shalvi et al. as discussed by the authors, suggesting that when the incentive is donation to charity this encourages more dishonesty than direct personal gain.

TL;DR: The authors found that financial attitudes and financial management practices would significantly predict compulsive buying severity even after controlling for materialism, but not financial attitudes, significantly moderated the relationship between materialism and compulsive buyers.

TL;DR: In this article, the authors examined the impact of saving and future-oriented financial behaviors on young adults' well-being and found that the more positive a young adult's attitude toward financial behaviors, and the greater his/her perception of parental expectations, then the stronger will be this young adult’s intention to perform such behaviors.

TL;DR: In this paper, the effect of risk attitudes of firm owners on business performance among small enterprises in Lagos, Nigeria was analyzed. And they found that there is no robust support for a positive effect of willingness to take risk through compensation for risk taking.

TL;DR: In this article, two surveys were conducted to examine the financial risk perception of German individual investors (N = 119 in study 1; N = 171 in study 2). Participants were asked to rate the risk and several aspects of different types of investment products (e.g. shares and bank savings books).

TL;DR: This article examined the effects of thank-you gifts on charitable giving and found that although people expect that the offer of thankyou gifts will increase donations, such offers actually reduce charitable donations.