nep-neu New Economics Papers
on Neuroeconomics
Issue of 2016‒02‒23
five papers chosen by

  1. Intelligence and finance By Salahodjaev, Raufhon
  2. Utilitarian Moral Judgments Are Cognitively Too Demanding By Da Silva, Sergio; Matsushita, Raul; De Sousa, Maicon
  3. Examining the Mediating and Moderating Effects of Engagement and Conscientiousness for the Job Characteristics and Intention to Quit Relationship By Agarwal, Upasna A.; Gupta, Vishal
  4. Error Prone Inference from Response Time: The Case of Intuitive Generosity in Public-Good Games By Lise Vesterlund
  5. How task instructions impact the creativity of designers and ordinary participants in online idea generation By Cédric Chaffois; Thomas Gillier; Mustapha Belkhouja; Yannig Roth

  1. By: Salahodjaev, Raufhon
    Abstract: This paper explore the effect of intelligence on financial development using data from 180 nations, over the period 2000–2012. The results provide strong support for the claim that intelligence is positively associated with the supply offinance to economy. This paper establishes that, moving from country with the mean IQ score (84.1) to the highest national IQ score (107.1) is associated with 3.6 fold increase in the size of banking sector. The positive effect of intelligence remains intact when we control for other antecedents offinancial development.
    Keywords: Finance, Banking Sector, IQ, Stock Market
    JEL: G2 G21
    Date: 2015
  2. By: Da Silva, Sergio; Matsushita, Raul; De Sousa, Maicon
    Abstract: We evaluate utilitarian judgments under the dual-system approach of the mind. In the study, participants respond to a cognitive reflection test and five (sacrificial and greater good) dilemmas that pit utilitarian and non-utilitarian options against each other. There is judgment reversal across the dilemmas, a result that casts doubt in considering utilitarianism as a stable, ethical standard to evaluate the quality of moral judgments. In all the dilemmas, participants find the utilitarian judgment too demanding in terms of cognitive currency because it requires non-automatic, deliberative thinking. In turn, their moral intuitions related to the automatic mind are frame dependent, and thus can be either utilitarian or non-utilitarian. This suggests that automatic moral judgments are about descriptions, not about substance.
    Keywords: Cognitive Reflection, Utilitarianism, Moral Judgments
    JEL: B41
    Date: 2016
  3. By: Agarwal, Upasna A.; Gupta, Vishal
    Abstract: Building on the job demands-resources, social exchange, and conservation of resources theories, the present study tests the relationship between job characteristics and intention to quit via work engagement as a mediator, and conscientiousness as a moderator. Based on data collected from a sample of Indian managers (N = 1302), we found that work engagement mediated the relationship between job characteristics and intention to quit. Moreover, personality trait of conscientiousness qualified job characteristics-intention to quit and work engagement-intention to quit relationships such that the negative effects of JC and work engagement on intention to quit were stronger for high conscientiousness than low. Implications for theory and practice are discussed.
  4. By: Lise Vesterlund
    Abstract: Higher contributions by fast decision-makers in public-good games may not resultfrom greater generosity but from mistakes. In several public-good games we vary the location ofthe unique dominant strategy equilibrium. In games with interior equilibria the correlationbetween response time and contributions is negative when the equilibrium lies below themidpoint of the strategy space, but positive when it lies above the midpoint. Fast decisionmakersare also found less generous in simple constant-return public-good games with a fullprovisionequilibrium. In all investigated public-good games fast decision-makers are largelyinsensitive to incentives and more often make mistakes.1
    Date: 2015–01
  5. By: Cédric Chaffois (MTS - Management Technologique et Strategique - Grenoble École de Management (GEM)); Thomas Gillier (MTS - Management Technologique et Strategique - Grenoble École de Management (GEM)); Mustapha Belkhouja (MTS - Management Technologique et Strategique - Grenoble École de Management (GEM)); Yannig Roth (Université Paris 1 Panthéon-Sorbonne)
    Abstract: Online idea generation platforms are increasingly used to generate ideas of innovative products. Crafting the problem statement carefully is a key factor of success, however, the current literature remains limited concerning what kind of task instructions should be used to increase the quality of ideas in online idea generation. This research examines three different types of task instructions. The unbounded task instructions allowed participants generating the ideas they wish without any restriction. The suggestive task instructions indicate domains of ideas that are innovative. The prohibitive task instructions indicate domains of ideas that are not innovative. The impact of these three types of task instructions on creative outcomes is compared through an empirical study on eYeka, a global online idea generation platform. Based on logit models, we found that the task instructions have a significant impact on the creativity of participants. Our result shows that prohibitive task instructions enable the production of the most original ideas whereas suggestive task instructions favor the production of the most feasible and valuable ideas. Unbounded task instructions are mostly found to be inefficient. The implications for the management of online idea generation communities are discussed. 2 " The formulation of a problem is often more essential than its solution, which may be merely a matter of mathematical or experimental. " A. Einstein, L. Infeld in The Evolution of Physics (p.92).
    Keywords: task instructions,problem formulation,idea generation,crowdsourcing,creativity,fixation effect
    Date: 2015–06–14

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