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on Neuroeconomics |
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Issue of 2023‒05‒29
six papers chosen by |
| By: | Marco Angrisani; Marco Cipriani; Antonio Guarino; Ryan Kendall; Julen Ortiz de Zarate Pina |
| Abstract: | We study the stability of noncognitive skills by comparing experimental results gathered before and during the COVID-19 pandemic. Using a sample of professional traders, we find a significant decrease in agreeableness and locus of control and a moderate decrease in grit. These patterns are primarily driven by those with more negative experiences of the pandemic. Other skills, such as trust, conscientiousness, and self-monitoring, are unchanged. We contrast these results with those from a sample of undergraduate students whose noncognitive skills remain constant (except conscientiousness). Our findings provide evidence against the stability of noncognitive skills, particularly among professional traders. |
| Keywords: | Non-cognitive skills; COVID-19; professional traders |
| JEL: | G40 D91 C93 |
| Date: | 2023–02–01 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fednsr:95723&r=neu |
| By: | Chinh T. Mai (Graduate School of Economics and Management, Tohoku University); Akira Hibiki (Graduate School of Economics and Management, Tohoku University) |
| Abstract: | This paper contributes an in-depth study of the short- and long-term effects of floods on the cognitive development of school-aged children. Specifically, we exploit individual-level microdata from a longitudinal study of childhood poverty in Vietnam. Our analyses indicate that floods immediately imposed negative impacts on children’s cognitive skills, but these impacts would be mitigated in the long run. Changes in child schooling, time allocation between school and work, and household food consumption (child nutrition) appear to be potential channels behind these impacts. Girls, older children, firstborn children, and children belonging to ethnic minorities are more vulnerable to the adverse effects of flooding. Our results suggest that policies to alleviate the credit constraints of households in the above groups could mitigate the damage imposed by natural disasters on human capital accumulation. |
| Date: | 2023–04 |
| URL: | http://d.repec.org/n?u=RePEc:tky:fseres:2023cf1211&r=neu |
| By: | Edoardo Gallo; Joseph Lee; Yohanes Eko Riyanto; Erwin Wong |
| Abstract: | Social networks can sustain cooperation by amplifying the consequences of a single defection through a cascade of relationship losses. Building on Jackson et al. (2012), we introduce a novel robustness notion to characterize low cognitive complexity (LCC) networks - a subset of equilibrium networks that imposes a minimal cognitive burden to calculate and comprehend the consequences of defection. We test our theory in a laboratory experiment and find that cooperation is higher in equilibrium than in non-equilibrium networks. Within equilibrium networks, LCC networks exhibit higher levels of cooperation than non-LCC networks. Learning is essential for the emergence of equilibrium play. |
| Date: | 2023–05 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2305.01209&r=neu |
| By: | Daniel Schunk (Johannes Gutenberg University); Eva M. Berger (German Council of Economic Experts); Henning Hermes (Heinrich Heine University of Duesseldorf); Kirsten Winkel (University of Applied Sciences Saarbruecken); Ernst Fehr (University of Zurich) |
| Abstract: | Children's self-regulation abilities are key predictors of educational success and other life outcomes such as income and health. However, self-regulation is not a school subject, and knowledge about how to generate lasting improvements in self-regulation and academic achievements with easily scalable, low-cost interventions is still limited. Here we report the results of a randomized controlled field study that integrates a short self-regulation teaching unit based on the concept of mental contrasting with implementation intentions into the school curriculum of first graders. We demonstrate that the treatment increases children's skills in terms of impulse control and self-regulation while also generating lasting improvements in academic skills such as reading and monitoring careless mistakes. Moreover, it has a substantial effect on children's long-term school career by increasing the likelihood of enrolling in an advanced secondary school track three years later. Thus, self-regulation teaching can be integrated into the regular school curriculum at low cost, is easily scalable, and can substantially improve important abilities and children's educational career path. |
| Date: | 2022–10–13 |
| URL: | http://d.repec.org/n?u=RePEc:jgu:wpaper:2210&r=neu |
| By: | Camille Cornand (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS Lyon - École normale supérieure - Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique); Maria Alejandra Erazo Diaz (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS Lyon - École normale supérieure - Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique); Adam Zylbersztejn (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS Lyon - École normale supérieure - Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | We use an experimental asset market with eye-tracker measurements for a novel exploration of the cognitive validity of a classic heterogeneous trader taxonomy. Following a top-down approach, we assume that the patterns of attention and information acquisition are governed by one of the three trading strategies, either feedback, passive, or speculative. In line with our first hypothesis, speculators seek information about market expectations. Notwithstanding the two other hypotheses, feedback traders reveal patterns of attention and information acquisition that could ex ante be expected from passive traders, and vice versa. |
| Keywords: | Experiment, Asset market, Attention, Information acquisition, Eye-tracking |
| Date: | 2023–04–19 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-04074298&r=neu |
| By: | Abrahamsson, Sara (Norwegian Institute of Public Health); Bütikofer, Aline (Dept. of Economics, Norwegian School of Economics and Business Administration); Karbownik , Krzysztof (Emory University) |
| Abstract: | Using spatial and temporal variation in openings of fast food restaurants in Norway between 1980 and 2007, we study the effects of changes in the supply of high caloric nutrition on the health and cognitive ability of young adult males. Our results indicate that exposure to these establishments during childhood and adolescence increases BMI and has negative effects on cognition. Heterogeneity analysis does not reveal meaningful differences in the effects across groups, including for those with adverse prenatal health or high paternal BMI, an exception being that cognition is only affected by exposure at ages 0–12 and this effect is mediated by paternal education. |
| Keywords: | Fast food restaurants; food supply; BMI; obesity; cognitive ability |
| JEL: | I12 I20 J13 L66 |
| Date: | 2023–05–06 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:nhheco:2023_007&r=neu |