Habituation Does Not Rescue Depletion: Two Tests of the Ego-Depletion Effect
We examined the effect on error rates, response times, interference scores for error rates and response times, and response-time variability in a subsequent Stroop task. There were no effects in general, except a significant difference in response-time variability, only in one of the samples, and in the opposite direction as predicted by the ego-depletion effect. (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - November 9, 2018 Category: Psychiatry & Psychology Source Type: research
Competitive Compensation and Subjective Well-being: The Effect of Culture and Gender
Publication date: Available online 7 November 2018Source: Journal of Economic PsychologyAuthor(s): SeEun Jung, Radu VranceanuAbstractThis paper uses a controlled experiment to investigate how subjects exposed to competition in the workplace react in terms of well-being, and how this translates into productivity. The experiment was performed in Korea, a country with an interdependent culture, and France, a country with an independent culture. Exposure to the tournament slightly improves well-being in the Korean sample and decreases it in France. This different response is driven primarily by the opposite response of female ...
Source: Journal of Economic Psychology - November 8, 2018 Category: Psychiatry & Psychology Source Type: research
Common Fate Motivates Cooperation: The Influence of Risks on Contributions to Public Goods
Publication date: Available online 3 November 2018Source: Journal of Economic PsychologyAuthor(s): Huanren ZhangAbstractIn order to study whether common fate induced by shared risk can promote cooperation, I introduce two types of risks into a public goods game: risk that is common among all group members (the COM treatment), and risk that is independent across individuals (the IND treatment). In both treatments, zero contributions is the only equilibrium. In contrast to the equilibrium analysis, contributions to the public goods in the experiment approach zero under the independent risk but remain at high levels when the ...
Source: Journal of Economic Psychology - November 3, 2018 Category: Psychiatry & Psychology Source Type: research
Can Gender Differences in Distributional Preferences Explain Gender Gaps in Competition?
Publication date: Available online 1 November 2018Source: Journal of Economic PsychologyAuthor(s): Utteeyo Dasgupta, Subha Mani, Smriti Sharma, Saurabh Singhal (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - November 2, 2018 Category: Psychiatry & Psychology Source Type: research
Ignoring Millions of Euros: Transfer Fees and Sunk Costs in Professional Football
Publication date: Available online 28 October 2018Source: Journal of Economic PsychologyAuthor(s): Julian HackingeraAbstractAccording to neoclassical economics, sunk costs should be ignored in the decision-making process. Although experimental evidence tells us that subjects often fail to do so, field evidence for this behaviour remains scarce. Most empirical articles use data from draft systems in professional sports and analyse whether a player’s draft order affects his time on the pitch. In contrast to the draft system, European football teams frequently spend large amounts of money on transfer fees. The discrepancy b...
Source: Journal of Economic Psychology - October 29, 2018 Category: Psychiatry & Psychology Source Type: research
Understanding the (Perverse) Effects of Disclosing Conflicts of Interest: A Direct Replication Study
Publication date: Available online 27 October 2018Source: Journal of Economic PsychologyAuthor(s): Sunita SahAbstractAdvisors are often subject to conflicts of interest—a potential clash between their professional responsibilities and personal interests. Such conflicts can increase bias in advice. Although disclosure is frequently proposed to manage conflicts of interest, it can have unintended consequences on both advisees and advisors. In seminal work, Cain et al., 2005, Cain et al., 2011 demonstrated that advisors give more biased advice with disclosure than without, to the detriment of advisees’ financial payoffs. ...
Source: Journal of Economic Psychology - October 27, 2018 Category: Psychiatry & Psychology Source Type: research
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Publication date: December 2018Source: Journal of Economic Psychology, Volume 69Author(s): (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - October 27, 2018 Category: Psychiatry & Psychology Source Type: research
Majority size and conformity behavior in charitable giving: Field evidence from a donation-based crowdfunding platform in Japan
This study examines the relationships between majority size and this so-called donor’s conformity behavior, by empirically investigating the impacts of multiple earlier donations on the donation of a subsequent donor to JapanGiving, a donation-based crowdfunding platform in Japan. This analysis is possible because the platform’s webpage displays the previous donation amounts in chronological order, thus allowing us to examine the modal amount of more recent donations. By using data on 9,989 actual donations, our dynamic panel analyses suggest that when the number of most recent continuous modal donations increases, the...
Source: Journal of Economic Psychology - October 26, 2018 Category: Psychiatry & Psychology Source Type: research
Predicting replication outcomes in the Many Labs 2 study
Publication date: Available online 25 October 2018Source: Journal of Economic PsychologyAuthor(s): Eskil Forsell, Domenico Viganola, Thomas Pfeiffer, Johan Almenberg, Brad Wilson, Yiling Chen, Brian A. Nosek, Magnus Johannesson, Anna DreberAbstractUnderstanding and improving reproducibility is crucial for scientific progress. Prediction markets and related methods of eliciting peer beliefs are promising tools to predict replication outcomes. We invited researchers in the field of psychology to judge the replicability of 24 studies replicated in the large scale Many Labs 2 project. We elicited peer beliefs in prediction mar...
Source: Journal of Economic Psychology - October 25, 2018 Category: Psychiatry & Psychology Source Type: research
Decision under Psychological Pressure: The Shooter's Anxiety at the Penalty Kick
Publication date: Available online 25 October 2018Source: Journal of Economic PsychologyAuthor(s): Luc Arrondel, Richard Duhautois, Jean-François LaslierAbstractThe paper studies sequences of penalty kicks during football shoot-outs in French cup competitions. We seek to analyze in detail the psychological effects to which the kicker responds: fear of winning, fear of losing, expected outcomes or how much is at stake. The main conclusion of our study is that the performance (the probability of scoring) is impacted negatively by both what is at stake (the impact of my scoring on the expected probability that my team eventu...
Source: Journal of Economic Psychology - October 25, 2018 Category: Psychiatry & Psychology Source Type: research
Effectiveness of Trade-ins and Price Discounts: A Moderating Role of Substitutability
Publication date: Available online 22 October 2018Source: Journal of Economic PsychologyAuthor(s): Xiaobing Xu, Rong Chen, Jin ZhangAbstractThis paper investigates the effects of price discounts and trade-ins on the probability of replacement purchase. Based on economic and psychological criteria, the authors propose that the effectiveness of these two promotional tools is contingent on the extent to which the new product can substitute for the old one. Study 1 demonstrated that at a “high” substitutability level, trade-ins were more effective than price discounts. However, this effect was mitigated when the substituta...
Source: Journal of Economic Psychology - October 22, 2018 Category: Psychiatry & Psychology Source Type: research
Deception and reputation – An experimental test of reporting systems
Publication date: Available online 4 October 2018Source: Journal of Economic PsychologyAuthor(s): Sascha Behnk, Iván Barreda-Tarrazona, Aurora García-GallegoAbstractWe use a repeated sender-receiver game in which sender behavior is revealed to future counterparts either by (i) standardized computer reports or (ii) individual reports composed by the receivers. Compared to our baseline, both reporting systems significantly decrease the rate of deceptive messages chosen by senders. However, we find that computer reports reduce deception to a higher extent than individually written reports. This comparably higher impact can ...
Source: Journal of Economic Psychology - October 18, 2018 Category: Psychiatry & Psychology Source Type: research
Behavioral Economics and Healthy Behaviors: Key Concepts and Current Research, Yaniv Hanoch, Andrew J. Barnes, Thomas Rice. Routledge, Oxon (2017). 236 pp., £25.59 (paperback), £76.00 (hardback)
Publication date: December 2018Source: Journal of Economic Psychology, Volume 69Author(s): Matteo M. Galizzi (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - October 16, 2018 Category: Psychiatry & Psychology Source Type: research
The influence of revenge and financial rewards on tax fraud reporting intentions
Publication date: Available online 12 October 2018Source: Journal of Economic PsychologyAuthor(s): Jonathan Farrar, Cass Hausserman, Morina Rennie (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - October 12, 2018 Category: Psychiatry & Psychology Source Type: research
Do fixed payments affect effort? Examining relative thinking in mixed compensation schemes
Publication date: Available online 9 October 2018Source: Journal of Economic PsychologyAuthor(s): Ofer H. AzarAbstractSeveral earlier studies have shown that people exhibit “relative thinking”: they consider relative price differences even when only absolute price differences are relevant. The article examines whether relative thinking exists when people face mixed compensation schemes that include both fixed and pay-for-performance components. Such compensation schemes are prevalent in many occupations (e.g., salespeople and managers) and therefore are an important practical issue. Surprisingly, the ratio between the ...
Source: Journal of Economic Psychology - October 9, 2018 Category: Psychiatry & Psychology Source Type: research
