Personality Psychology and Economics
Personality Psychology and Economics

Author: Mathilde Almlund

Publisher:

Published: 2011

Total Pages: 199

ISBN-13:

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Abstract: This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is reviewed about the â??situational specificityâ?? of personality traits and preferences. An extreme version of the situationist view claims that there are no stable personality traits or preference parameters that persons carry across different situations. Those who hold this view claim that personality psychology has little relevance for economics. The biological and evolutionary origins of personality traits are explored. Personality measurement systems and relationships among the measures used by psychologists are examined. The predictive power of personality measures is compared with the predictive power of measures of cognition captured by IQ and achievement tests. For many outcomes, personality measures are just as predictive as cognitive measures, even after controlling for family background and cognition. Moreover, standard measures of cognition are heavily influenced by personality traits and incentives. Measured personality traits are positively correlated over the life cycle. However, they are not fixed and can be altered by experience and investment. Intervention studies, along with studies in biology and neuroscience, establish a causal basis for the observed effect of personality traits on economic and social outcomes. Personality traits are more malleable over the life cycle compared to cognition, which becomes highly rank stable around age 10. Interventions that change personality are promising avenues for addressing poverty and disadvantage

Personality Psychology and Economics
Personality Psychology and Economics

Author: Mathilde Almlund

Publisher:

Published: 2011

Total Pages: 0

ISBN-13:

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This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is reviewed about the "situational specificity" of personality traits and preferences. An extreme version of the situationist view claims that there are no stable personality traits or preference parameters that persons carry across different situations. Those who hold this view claim that personality psychology has little relevance for economics. The biological and evolutionary origins of personality traits are explored. Personality measurement systems and relationships among the measures used by psychologists are examined. The predictive power of personality measures is compared with the predictive power of measures of cognition captured by IQ and achievement tests. For many outcomes, personality measures are just as predictive as cognitive measures, even after controlling for family background and cognition. Moreover, standard measures of cognition are heavily influenced by personality traits and incentives. Measured personality traits are positively correlated over the life cycle. However, they are not fixed and can be altered by experience and investment. Intervention studies, along with studies in biology and neuroscience, establish a causal basis for the observed effect of personality traits on economic and social outcomes. Personality traits are more malleable over the life cycle compared to cognition, which becomes highly rank stable around age 10. Interventions that change personality are promising avenues for addressing poverty and disadvantage.

Economic Psychology
Economic Psychology

Author: Rob Ranyard

Publisher: John Wiley & Sons

Published: 2017-06-22

Total Pages: 651

ISBN-13: 1118926390

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A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy. The editor Robert Ranyard—a noted expert on economic psychology—presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource: Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon Includes information on societal issues such as charitable giving and pro-environmental behaviour Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.

Handbook of the Economics of Education
Handbook of the Economics of Education

Author: Eric A Hanushek

Publisher: Elsevier

Published: 2006-11-13

Total Pages: 853

ISBN-13: 0080465668

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The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. With contributions from leading researchers, each Handbook presents an accurate, self-contained survey of the current state of the topic under examination. These surveys summarize the most recent discussions in journals, and elucidate new developments. Although original material is also included, the main aim of this series is the provision of comprehensive and accessible surveys. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys

Handbook of Personality Psychology
Handbook of Personality Psychology

Author: Robert Hogan

Publisher: Academic Press

Published: 1997-06-12

Total Pages: 1012

ISBN-13: 0080533175

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The most comprehensive single volume ever published on the subject, the Handbook of Personality Psychology is the end-all, must-have reference work for personality psychologists. This handbook discusses the development and measurement of personality as well as biological and social determinants, dynamic personality processes, the personality's relation to the self, and personality in relation to applied psychology. Authored by the field's most respected researchers, each chapter provides a concise summary of the subject to date. Topics include such areas as individual differences, stability of personality, evolutionary foundations of personality, cross-cultural perspectives, emotion, psychological defenses, and the connection between personality and health. Intended for an advanced audience, the Handbook of Personality Psychology will be your foremost resource in this diverse field. Chapter topics include:* Nature of personality psychology* Conceptual and measurement issues in personality* Developmental issues* Biological determinants of personality* Social determinants of personality* Dynamic personality processes* Personality and the self* The Five Factor Model* Applied psychology

Introduction to Personality
Introduction to Personality

Author: Walter Mischel

Publisher: John Wiley & Sons

Published: 2007-09-10

Total Pages: 592

ISBN-13: 047008765X

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Reflecting the latest developments, this eighth edition paints a picture of the field as a cumulative, integrative science that builds on its rich past. It provides a much more coherent view of the whole functioning individual in the social world. Throughout the chapters, emphasis is placed on practical applications and personal relevance to everyday life in a clear and compelling way. The book also explores the essential features and contributions from the field's heritage

Social Psychology and Economics
Social Psychology and Economics

Author: David De Cremer

Publisher: Psychology Press

Published: 2013-09-05

Total Pages: 348

ISBN-13: 1135811075

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This book combines chapters written by leading social psychologists and economists, illuminating the developing trends in explaining and understanding economic behavior in a social world. It provides insights from both fields, communicated by eloquent scholars, and demonstrates through recent research and theory how economic behaviors may be more effectively examined using a combination of both fields. Social Psychology and Economics comes at a particularly fitting time, as a psychological approach to economics has begun to flourish in recent years, and papers exploring the intersection of these two disciplines have appeared in peer-reviewed journals, opening a dynamic dialogue between previously separated fields. This volume, the first in the Society for Judgment and Decision Making Series since acquired by Psychology Press, includes chapters by economists and psychologists. It addresses a variety of economic phenomena within a social context, such as scarcity and materialism, emphasizing the importance of integrating social psychology and economics. Social Psychology and Economics is arranged in seven parts that discuss: an introduction to the topic; preferences, utility, and choice; emotions; reciprocity, cooperation, and fairness; social distance; challenges to social psychology and economics; and collaborative reflections and projections. The market for this book is students, researchers, and professionals in the disciplines of economics, psychology, business, and behavioral decision making. Graduate students and upper-level undergraduate students will consider it a useful supplemental text.

The Psychology of Economic Decisions
The Psychology of Economic Decisions

Author: Isabelle Brocas

Publisher: Oxford University Press, USA

Published: 2003

Total Pages: 259

ISBN-13: 0199257221

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This volume brings together contributions to the burgeoning research area of behavioral economics from a number of well-known international scholars in the field. Topics covered include 'irrational' conducts; imperfect self-knowledge; imperfect memory; time and utility; and experimental practices in psychology, economics, and finance. This book will provide a point of entry to anyone wishing to discover what the intellectual terrain between economics and psychology looks like.

The Economics and Psychology of Personality Traits
The Economics and Psychology of Personality Traits

Author:

Publisher:

Published: 2008

Total Pages: 0

ISBN-13:

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This paper explores the interface between personality psychology and economics. We examine the predictive power of personality and the stability of personality traits over the life cycle. We develop simple analytical frameworks for interpreting the evidence in personality psychology and suggest promising avenues for future research.