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on Neuroeconomics |
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Issue of 2024‒02‒12
three papers chosen by |
| By: | Assenza, Tiziana; Cardaci, Alberto; Haliassos, Michael |
| Abstract: | The complexities of geopolitical events, financial and fiscal crises, and the ebb and flow of personal life circumstances can weigh heavily on individuals’ minds as they make critical economic decisions. To investigate the impact of cognitive load on such decisions, we conducted an incentivized online experiment involving a representative sample of 2, 000 French households. The results revealed that ex-posure to a taxing and persistent cognitive load significantly reduced consumption, particularly for individuals under the threat of furlough, while simultaneously in-creasing their account balances, particularly for those not facing such employment uncertainty. These effects were not driven by supply constraints or a worsening of credit constraints. Instead, cognitive load primarily affected the optimality of the chosen policy rules and impaired the ability of the standard economic model to accurately predict consumption patterns, although this effect was less pronounced among college-educated subjects. |
| Keywords: | consumption; saving; borrowing; cognitive load; online experiments; RCT; crises; furlough |
| JEL: | G5 C9 D15 D91 |
| Date: | 2024–01–18 |
| URL: | http://d.repec.org/n?u=RePEc:tse:wpaper:128994&r=neu |
| By: | Saleh Ghobbeh; Armita Atrian |
| Abstract: | This study explores the impact of spiritual intelligence (SI) on technostress, with a focus on the mediating role of the ethical environment. In an era where technological advancements continually reshape our work and personal lives, understanding the interplay between human intelligence, well-being, and ethics within organizations is increasingly significant. Spiritual intelligence, transcending traditional cognitive and emotional intelligences, emphasizes understanding personal meaning and values. This paper investigates how higher levels of SI enable individuals to integrate technology into their lives without undue stress, and how a robust ethical environment within organizations supports and amplifies these benefits. Through a comprehensive review of literature, empirical research, and detailed analysis, the study highlights the protective role of SI against technostress and the significant influence of an ethical climate in enhancing this effect. The findings offer valuable insights for organizational strategies aimed at promoting a harmonious, stress-free workplace environment. |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.03658&r=neu |
| By: | Mohammed Abdellaoui (HEC Paris - Ecole des Hautes Etudes Commerciales); Han Bleichrodt (UA - Université d'Alicante, Espagne); Cédric Gutierrez (Università Bocconi) |
| Abstract: | Overconfident behavior, the excessive willingness to bet on one's performance, may be driven by optimistic beliefs and/or ambiguity attitudes. Separating these factors is key for understanding and correcting overconfident behavior, as they call for different corrective actions. We present a method to do so, which we implement in two incentivized experiments. The first experiment shows the importance of ambiguity attitudes for overconfident behavior. Optimistic ambiguity attitudes (ambiguity seeking) counterbalanced the effect of pessimistic beliefs, leading to neither over- nor underconfident behavior. The second experiment applies our method in contexts where overconfident behavior is expected to vary: easy versus hard tasks. Our results showed that task difficulty affected both beliefs and ambiguity attitudes. However, although beliefs were more optimistic for relative performance (rank) and more pessimistic for absolute performance (score) on easy tasks compared with hard tasks, ambiguity attitudes were always more optimistic on easy tasks for both absolute and relative performance. Our findings show the subtle interplay between beliefs and ambiguity attitudes: they can reinforce or offset each other, depending on the context, increasing or lowering overconfident behavior. This paper was accepted by Yuval Rottenstreich, behavioral economics and decision analysis. Funding: This work was supported by HEC Paris research budget and Bocconi junior researchers' grants. Supplemental Material: The data and online appendix are available at https://doi.org/10.1287/mnsc.2021.00165 . |
| Date: | 2023–12–06 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04383402&r=neu |