New Economics Papers
on Neuroeconomics
Issue of 2010‒12‒23
three papers chosen by

  1. Behavioral Aspects of Organizational Learning and Adaptation By Chatterjee, Sidharta
  2. The effect of early cognitive ability on earnings over the life-cycle By Falch , Torberg; Sandgren Massih, Sofia
  3. Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences By Marco Casari; Davide Dragone

  1. By: Chatterjee, Sidharta
    Abstract: In this paper, I seek to understand the behavioral basis of higher organizational learning and adaption as a teleological dynamic equilibrium process to decipher the underlying psycho-physiological aspects of individual cognitive learning related to organizational adaption. Dynamics of cognitive learning has some differential paths within the neural circuitry which follows certain patterns that leads to individual as well as organized evolution in course of a learning process. I undertake a comparative analysis of human cognitive and behavioral changes and the active mechanisms underlying animal behavior and learning processes to understand the differential patterns of these adaptive changes in these two species. Cognitive behavioral learning processes have certain economic perspectives which help an individual to attain efficiency in workplace adaptation and in learning which however, the individual when being part of an alliance, ember positive influence on the society or organization as a whole. Comparatively, in primates, I review some empirical evidences drawn from chronological studies about cognitive behavioral learning process and adaptation as well as the presence of the capacity of making attributions about mental states, which exists in rudimentary form in chimpanzees and apes. Following this, I apply the outcomes of the findings on different aspects of human cognitive and adaptive behavioral learning-induced evolutionary changes and how human beings are able to exploit the presence of these additive advantages under cluster settings.
    Keywords: Animal behavior; cognitive economics; motivational energy; neural adaptation; neuroscience; Organizational learning; organizational adaptation; teleological process
    JEL: D23 Z1 D83 M54 M51 J2 D87
    Date: 2010–12–05
  2. By: Falch , Torberg (Department of Economics, Norwegian University of Science and Technology); Sandgren Massih, Sofia (Uppsala Center for Labor Studies)
    Abstract: This paper utilizes information on cognitive ability at age ten and earnings information from age 20 to 65 to estimate the return to ability over the life-cycle. Cognitive ability measured at an early age is not influenced by the individual’s choices of schooling. We find that most of the unconditional return to early cognitive ability goes through educational choice. The conditional return is increasing for low levels of experience and non-increasing for experience above about 15-25 years. The return is similar for men and women, and highest for individuals with academic education. Only a small part of the return can be explained by higher probability to have a supervisory position.
    Keywords: Cognitive ability; life-cycle; earnings; IQ; employer learning *
    JEL: I29 J31
    Date: 2010–01–19
  3. By: Marco Casari (University of Bologna); Davide Dragone (University of Bologna)
    Abstract: We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose and measure three distinct concepts of choice reversal over time to study time consistency. This evidence calls for an important role for anticipatory feelings and uncertainty in intertemporal behavior.
    Keywords: negative time preferences, choice reversal, risk, time inconsistency, real-effort experiment
    JEL: C91 D01 D80 D90
    Date: 2010–12–13

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