New Economics Papers
on Neuroeconomics
Issue of 2010‒02‒05
three papers chosen by

  1. How embodied cognitions affect judgments: Height-related attribution bias in football foul calls By Quaquebeke, N. van; Giessner, S.R.
  2. Is Contagion in the Eye of the Beholder? By Mark Mink
  3. The determinants of wealth and gender inequity in cognitive skills in Latin America By Macdonald, Kevin; Barrera, Felipe; Guaqueta, Juliana; Patrinos, Harry Anthony; Porta, Emilio

  1. By: Quaquebeke, N. van; Giessner, S.R. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)
    Abstract: Many fouls committed in football (called soccer in some countries) are ambiguous, and there is no objective way of determining who is the “true†perpetrator or the “true†victim. Consequently, fans as well as referees often rely on a variety of decision cues when judging such foul situations. Based on embodiment research, which links perceptions of height to concepts of strength, power, and aggression, we argue that height is going to be one of the decision cues used. As a result, people are more likely to attribute a foul in an ambiguous tackle situation to the taller of two players. We find consistent support for our hypothesis, not only in field data spanning the last seven UEFA Champions League and German Bundesliga seasons, as well as the last three FIFA World Cups, but also in two experimental studies. The resulting dilemma for refereeing in practice is discussed.
    Keywords: dominance;power;refereeing;decision making;decision cue;information processing
    Date: 2010–02–01
  2. By: Mark Mink
    Abstract: Empirical research on contagion between international stock markets generally focuses on market returns converted to US dollars, as this would be consistent with the perspective of an international investor. This note argues that such a conversion is inappropriate, since only returns denominated in local currencies accurately reflect supply and demand in national stock markets. When these returns are converted to a common currency they are also affected by exchange rate fluctuations, which leads to biased results as is illustrated using an example from the sub-prime crisis.
    Keywords: Stock Market Contagion; Exchange Rates; Sub-prime Crisis.
    JEL: F3 G11 G15
    Date: 2010–01
  3. By: Macdonald, Kevin; Barrera, Felipe; Guaqueta, Juliana; Patrinos, Harry Anthony; Porta, Emilio
    Abstract: Wealth and gender inequity in the accumulation of cognitive skills is measured as the association between subject competency and wealth and gender using the OECD’s Programme for International Student Assessment. Wealth inequity is found to occur not through disparate household characteristics but rather through disparate school characteristics; little evidence is found of an association between wealth and competency within schools. Weak evidence is found of wealth mitigating gender differences through school characteristics. These findings suggest that wealth inequity in the accumulation of cognitive skills is almost exclusively associated with disparate school characteristics and that disparate school characteristics may play a role in accentuating gender inequity.
    Keywords: Tertiary Education,Education For All,Disability,Primary Education,Secondary Education
    Date: 2010–01–01

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