nep-neu New Economics Papers
on Neuroeconomics
Issue of 2017‒07‒09
three papers chosen by
Daniel Houser
George Mason University

  1. When to Do the Hard Stuff? Dispositions, Movitavtion and th Choice of Difficulties By Melguizo, Isabel
  2. IKIGAI: Reflection on Life Goals Optimizes Performance and Happiness By Schippers, M.C.

  1. By: Melguizo, Isabel
    Abstract: We analyze individual decisions of when to face difficult tasks. Although threatening, difficult tasks provide better economic outcomes than easy ones. We argue how individual dispositions, i.e., the expression of some non-cognitive dimensions, might drive timing decisions. Specifically, when experiencing low dispositions, individuals get trapped into low value easy tasks while when experiencing high dispositions, they are willing to always deal with high value difficult tasks. Also, when outcome achievements motivate individuals, they move from low value easy tasks to high value difficult tasks. This finding is interpreted as individuals preparing themselves to cope with difficulties.
    Keywords: individual dispositions, task difficulty, avoidance behavior
    JEL: D83 D84
    Date: 2016–12
  2. By: Schippers, M.C.
    Abstract: In her inaugural address, Michaéla discusses the role of self-regulatory behaviors that people can employ in order to live a full-filling life. These behaviors include reflection and personal goal setting, in order to formulate a direction or purpose in life (Ikigai). In the inaugural address, an evidence-based goal-setting intervention is discussed. This relatively brief intervention has shown to have lasting results: not only does it increase well-being of students, the intervention also boosted academic performance of students by over 20%. Moreover, the intervention significantly decreased the gender and ethnic minority performance gap. The goal setting is shown in a broader perspective with examples in education, business and operations management. The perspective presented in this address emphasizes taking control of one’s life in order to optimize performance and happiness.
    Keywords: Goal setting, Study success, Reflection, Self-regulatory behaviour, Well-being and happiness, Gender and ethnicity gap, Personality, Team reflexivity, Behavioural operations management, Performance management
    JEL: M10 L2 M12 L12
    Date: 2017–06–16
  3. By: Tarika Sandhu; Sukhjeevan Kaur
    Abstract: Human life will never be understood unless its highest aspirations are taken into account. Growth, Self actualization, the quest for identity and autonomy, challenging the limits of intellectual potential and the yearning for excellence are a universal human tendency. Endowed with an innate striving to exercise and elaborate their interests, individuals naturally tend to seek challenges, to discover new directions and perspectives and to actively internalise and transform personality characteristics. The personality temperament acts as a useful theoretical construct for understanding inherent potentialities of actualization (J. Guthrie Ford, 1991). This study was designed to examine the link between Personality and Self actualizing values: Time competence (Tc), Inner directedness (I) and Self actualizing values (SAV). A total of 247 (114 males and 133 females) participants between the age range (45-60) years were involved from different areas of Punjab, Chandigarh and Delhi. The Personal orientation inventory (Everett L. Shostrom, 1964) was used to assess the Self actualizing values and NEO-PI-R (Costa and McCrae, 1992) was used for measuring personality traits. Results from the study revealed a distinct pattern of association between these variables. Key Words: Self actualizing values, SAV, Tc, I, Personality traits. Policy
    Date: 2017–06

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