nep-neu New Economics Papers
on Neuroeconomics
Issue of 2024‒05‒13
three papers chosen by

  1. The QEg : A Generalized Version of QEPro Ability Measure of Emotional Intelligence By Christophe Haag; Lisa Bellinghausen; Clément Poirier
  2. Macroeconomics of Mental Health By Boaz Abramson; Job Boerma; Aleh Tsyvinski
  3. Misperceived Effectiveness and the Demand for Psychotherapy By Christopher Roth; Peter Schwardmann; Egon Tripodi

  1. By: Christophe Haag (EM - EMLyon Business School); Lisa Bellinghausen (EM - EMLyon Business School); Clément Poirier
    Abstract: This article describes the development and validation of QEg, a generalized version of an existing performance-based measure of emotional intelligence (QEPro). While QEPro was designed for a population of French managers and leaders, QEg was designed for the French general population of adults. QEg is an extended version of QEPro from which existing items were extracted and revalidated and other items created in the context of the general population and everyday life. QEg is based on QEPro's three-dimensional EI model and scoring approach. Our study showed that QEg has good psychometric qualities such as high measurement precision, an appropriate level of difficulty and a clear factorial structure that is similar to QEPro.
    Keywords: Emotional Intelligence, Psychometrics, Performance Test, Ability-Based EI Measure
    Date: 2024–03–27
  2. By: Boaz Abramson (Columbia GSB); Job Boerma (University of Wisconsin-Madison); Aleh Tsyvinski (Yale University)
    Abstract: We develop an economic theory of mental health. The theory is grounded in classic and modern psychiatric literature, is disciplined with micro data, and is formalized in a life-cycle heterogeneous agent framework. In our model, individuals experiencing mental illness have pessimistic expectations and lose time due to rumination. As a result, they work less, consume less, invest less in risky assets, and forego treatment which in turn reinforces mental illness. We quantify the societal burden of mental illness and evaluate the efficacy of prominent policy proposals. We show that expanding the availability of treatment services and improving treatment of mental illness in late adolescence substantially improve mental health and welfare.
    Date: 2024–04
  3. By: Christopher Roth; Peter Schwardmann; Egon Tripodi
    Abstract: While psychotherapy has been shown to be effective in treating depression, take-up remains low. In a sample of 1, 843 depressed individuals, we document that effectiveness concerns are top-of-mind when respondents consider the value of therapy. We then show that the average respondent underestimates the effectiveness of therapy and that an information treatment correcting this misperception increases participants’ incentivized willingness to pay for therapy. Information affects therapy demand by changing beliefs rather than by shifting attention. Our results suggest that information interventions that target the perceived effectiveness of therapy are a potent tool in combating the ongoing mental health crisis.
    Keywords: Mental Health, Depression, Psychotherapy, Beliefs, Effectiveness, Information policy
    Date: 2024–04–17

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