nep-neu New Economics Papers
on Neuroeconomics
Issue of 2015‒04‒02
four papers chosen by

  1. Anticipations and Endogenous Present Bias By Simone Galperti; Bruno Strulovici
  2. Comparative investigation the role of personality traits and emotional intelligence in tendency to addiction By Arsalan Khanmohammadi Otaghsara; Alireza Homayouni; Gholamali Nikpour
  3. Sleep duration and life satisfaction By Piper, Alan T.
  4. The effects of emotions on preferences and choices for public goods By Christopher Boyce; Mikołaj Czajkowski; Nick Hanley; Charles Noussair; Michael Townsend; Steve Tucker

  1. By: Simone Galperti; Bruno Strulovici
    Keywords: Anticipation, Cognitive Skill, Discounting, Human Capital, Impatience, Present Bias, Time Preference shocks, risk aversion. JEL Classification: D01, D03, D90, D91
    Date: 2015–03–26
  2. By: Arsalan Khanmohammadi Otaghsara (Department of psychology, Ayatollah Amoli Branch, Islamic Azad University, Amol, Iran); Alireza Homayouni (Department of psychology, Bandargaz Branch, Islamic Azad University, Bandargaz, Iran); Gholamali Nikpour (Department of Psychology, Allameh Tabataba’i University, Tehran, Iran)
    Abstract: Aim: The research aimed to investigate role of personality traits and Emotional Intelligence in tendency to addiction. Methods: In sampling process a total of 73 addicted people and 73 non-addicted people that were randomly selected and completed Schutte's Self- Report E / I Test (SSREIT) (33 items) and Mc Care and Costa’s NEO PI-R Inventory. In order to analyzing the data independent T test was used to compare means of two groups. Results: Findings indicated significant differences between two groups in components of Emotional Intelligent. Addicted people had less scores in agreeableness, extroversion, conscientiousness, appraisal of emotion, utilization of emotion and general score of emotional intelligence, and more scores in neuroticism than and openness to experience than nonaddicted people. Conclusion: Considering the current study are congruent with the other research in this field, it is recommended to apply the plans for EI education related to personality traits for enhancing emotional intelligent components in order to increasing abilities and competencies in confronting with crisis and bad events and reducing risk of abnormal behaviors, specially addiction.
    Keywords: Emotional intelligence, Personality traits, Addiction
    Date: 2014–05
  3. By: Piper, Alan T.
    Abstract: Sleep is an important part of life, with an individual spending an estimated 32 years of her life asleep. Despite this importance, little is known about life satisfaction and sleep duration. Using German panel data, it is shown that sleep is an important factor for life satisfaction and that maximal life satisfaction is associated with about eight hours of sleep on a typical weekday. This figure represents, on average, an hour more than people currently sleep suggesting that more sleep would lead to a higher reported satisfaction with life.
    Keywords: Sleep, Life Satisfaction, GSOEP, fixed effects
    JEL: C23 D10 I31
    Date: 2015–03
  4. By: Christopher Boyce (Management School, University of Stirling); Mikołaj Czajkowski (Faculty of Economic Sciences, University of Warsaw); Nick Hanley (Department of Geography and Sustainable Development, University of St Andrews); Charles Noussair (Department of Economics, Tilburg University); Michael Townsend (National Institute for Water and Atmosphere Ltd); Steve Tucker (School of Management, University of Waikato)
    Abstract: This paper tests whether changes in “incidental emotions” lead to changes in economic choices. Incidental emotions are experienced at the time of an economic decision but are not part of the payoff from a particular choice. As such, the standard economic model predicts that incidental emotions should not affect behavior, yet many papers in the behavioral science and psychology literatures find evidence of such effects. In this paper, we used a standard procedure to induce different incidental emotional states in respondents, and then carried out a choice experiment on changes to an environmental good (beach quality). We estimated preferences for this environmental good and willingness to pay for changes in this good, and tested whether these were dependent on the particular emotional state induced. We also tested whether choices became more or less random when emotional states were induced, based on the notion of randomness in a standard random utility model. Contrary to our a-priori hypothesis we found no significant evidence of treatment effects, implying that economists need not worry about the effects of variations in incidental emotions on preferences and the randomness of choice, even when there is measured (induced) variation in these emotions.
    Keywords: choice experiments, behavioral economics, ecosystem services, emotions, rationality
    JEL: Q51 Q57 D03 D87
    Date: 2015

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