nep-neu New Economics Papers
on Neuroeconomics
Issue of 2019‒03‒25
two papers chosen by

  1. Psychological Resilience Predicted by Personality Traits, Locus of Control and Self-Regulation of Young Entrepreneurs in Pekanbaru By Syarifah Farradinna
  2. Strategically delusional By Alice Solda; Changxia Ke; Lionel Page; William von Hippel

  1. By: Syarifah Farradinna (Universitas Islam Riau Jalan Kaharuddin Nasution no. 113, Pekanbaru, Riau, Indonesia Author-2-Name: Tengku Nila Fadhlia Author-2-Workplace-Name: Fakultas Psikologi, Universitas Islam Riau Jalan Kaharuddin Nasution No. 113, Pekanbaru, Riau, Indonesia Author-3-Name: Dan Azmansyah Author-3-Workplace-Name: Fakultas Ekonomi, Program Studi Manajemen, Universitas Islam Riau Jalan Kaharuddin Nasution No. 113, Pekanbaru, Riau, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - Entrepreneurs are one of the important contributors to increasing non-agricultural economic income and developing micro, small and medium enterprises. In Indonesia, entrepreneurial orientation has empirically proven that psychological factors affect individuals in improving the economy of society. The concept of psychological resilience as the development of models to predict the events and situations of failure. In certain circumstances difficulties cannot be avoided, a person with psychological resilience is able to reduce the problem by creating a new situation. Individuals who have strong personality characteristics thought to be one important factor in the process of creation and development of enterprises. Methodology/Technique - The scale used in this study consisted of a scale big five personality (Openness) McCrae & Costa (2004), The Self-Regulation Questionnaire (SRQ) by Brown et al (1999), The Work Locus of Control Scale (WLCS) by Spector (1988) as modified by Spector (2004), and Connor-Davidson Resilience Scale (CD-RISC) compiled by Connor & Davidson (2003) as modified by Manzano and Ayala (2013). A total of 238 micro businesses have voluntarily participated. Findings - The results of path analysis showed that the openness personality directly (ß = 0.131) was significantly associated with resilience. Similarly, the personality trait through self-regulation shows indirect influence on resilience (p1 p3 0.027 x 0.175 = 0.0047) significantly. Novelty - The contributions of personality openness and self-regulation of the resilience of 0.136 or 13.6%. It can be concluded that indirectly associated the entrepreneur's psychological resilience of the personality trait through self-regulation significantly.
    Keywords: Personality Traits; Locus of Control; Self-regulation; Entrepreneurs; Psychological Resilience.
    JEL: M50 M59
    Date: 2019–02–26
  2. By: Alice Solda (Queensland University of Technology; University of Lyon); Changxia Ke (Queensland University of Technology); Lionel Page (Queensland University of Technology; University of Technology Sydney); William von Hippel (University of Queensland)
    Abstract: We aim to test the hypothesis that overconfidence arises as a strategy to influence others in social interactions. We design an experiment in which participants are incentivised either to form accurate beliefs about their performance at a test, or to convince a group of other participants that they performed well. We also vary participants’ ability to gather information about their performance. Our results provide, the different empirical links of von Hippel and Trivers’ (2011) theory of strategic overconfidence.
    Keywords: Overconfidence; motivated cognition; self-deception; persuasion; information sampling; experiment
    JEL: C91 D03 D83
    Date: 2019–03–01

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