Culture and decision‐making: Investigating cultural variations in the <scp>E</scp>ast <scp>A</scp>sian and <scp>N</scp>orth <scp>A</scp>merican online decision‐making processes

Li, Liman Man Wai; Masuda, Takahiko; Russell, Matthew

doi:10.1111/ajsp.12099

Cited by 29 publications

(12 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, our finding disagrees with the findings of Arshad and Ibrahim (2019) who reported that Pakistani investors gather and analyze more information as a strategy to reduce risk. Li, Masuda, and Russel (2014) also echoed similar findings with Arshad and Ibrahim in their study of online financial decisionmaking process of East Asian and North American countries that Hong Kong Chinese, compared to European Canadians, spend time to parse through information before making financial decisions. Hypothesis four sought to determine whether cultural factors affect investment decisions.…”

Section: Discussionsupporting

confidence: 80%

Influence of Culture on Investment Decisions: A Cross-Sectional Study of Ghanaian Population

Bonna

Amoah

2020

JEBS

View full text Add to dashboard Cite

This study seeks to explore the influence of culture on the investment decisions of Ghanaians. It is motivated by the perception that Ghanaians show no enthusiasm for long-term investments or life insurance products. To explore this problem, we used a random sampling, quantitative cross-sectional technique to administer a set of questionnaires to a cross-section of 120 Ghanaians residing in the City of Columbus, Ohio, U.S.A. Hofstede’s five cultural dimensions were used as the theoretical framework to guide the study. The results showed that Ghanaians prefer short-duration risk-free investments to long-duration risky investments. Ghanaian investors are not aggressive in gathering and analyzing financial information before making investment decisions. Their investment decisions are influenced by others, intuition, comfort and security, and their belief systems, rather than rational analysis of information, and risk-reward relationships derived from financial models. The use of intuition and information passed on from relatives, family members and others in making investment decisions paves the way for cultural factors to influence investment decisions. We conclude that cultural values have significant influence on the investment decisions of Ghanaians. The study seeks to motivate investors to examine and broaden their cultural awareness to enable them to develop financial plans to achieve their investment goals. We recommend that to overcome negative cultural influence on investment decision making, financial education should be vigorously pursued to broaden financial literacy.

show abstract

Section: Discussionsupporting

confidence: 80%

Influence of Culture on Investment Decisions: A Cross-Sectional Study of Ghanaian Population

Bonna

Amoah

2020

JEBS

View full text Add to dashboard Cite

show abstract

“…Second, the current research suggests that alleviating the influence of dialectical beliefs may help to promote proenvironmental behaviors. Previous studies showed that the influence of dialectical beliefs diminished when people engaged in the decision that was important (vs. trivial; Li et al, 2014) or when they were reminded of time constraints (Li, Masuda, & Russell, 2015). Following these findings, future proenvironmental programs may develop some interventions that can foster the perceived importance of and time constraints associated with solving environmental issues, which may help alleviate the negative impact of dialectical beliefs on proenvironmental behaviors, which may eventually promote more proenvironmental behaviors.…”

Section: Discussionmentioning

confidence: 99%

The Relationship Between Dialectical Beliefs and Proenvironmental Behaviors

Mei

et al. 2018

Environment and Behavior

Self Cite

View full text Add to dashboard Cite

Dialectical beliefs emphasize constant change, tolerance of contradiction, and holistic perception. This research examined the relationship between dialectical beliefs and proenvironmental behaviors. Study 1a showed that stronger dialectical beliefs were associated with fewer proenvironmental behaviors among Chinese participants; this result was replicated in Study 1b. To examine the negative relationship between dialectical beliefs and proenvironmental behaviors across cultures, Study 2 recruited both native Chinese and European Americans and replicated the results conceptually by measuring proenvironmental behaviors in a hypothetical shopping scenario. Study 3 provided further generally supportive evidence by considering the influence of both dialectical beliefs and interdependent self-construal on proenvironmental behaviors between native Chinese and European Canadians. Finally, a meta-analysis of the obtained results revealed a weak but significant negative association between dialectical beliefs and proenvironmental behaviors. Theoretical implications for cross-cultural environmental research and practical implications for proenvironmental campaigns were discussed.

show abstract

“…One key factor in differentiating holistic from analytic information processing is how much information is considered optimal (Choi, Dalal, Kim-Prieto, & Park, 2003;Li, Masuda, & Russell, 2015). For example, Choi et al (2003) found that when judging hypothetical murder cases, the more holistic Koreans took into consideration a greater amount of information than did European Americans or Asian Americans.…”

Section: Culture and Aestheticsmentioning

confidence: 99%

Culture and attention: Recent empirical findings and new directions in cultural psychology

Masuda

2017

Social & Personality Psych

Self Cite

View full text Add to dashboard Cite

Over the past 3 decades, cultural psychologists have empirically investigated the influence of cultural meaning systems on human psychology. Under the rubric of holistic versus analytic thought, researchers have demonstrated that there are substantial cultural variations in social cognition, and that such variations are observable even in so-called fundamental psychological processes, such as attention. The aim of this paper is to review 3 major themes in culture and attention: (1) culture and attention to nonsocial scenes, (2) culture and attention to social scenes, and (3) culture and aesthetics. The paper also discusses 4 major strands of research that could be considered important candidates to further advance the understanding of culture and attention: (1) research on "culture ➔ human psychological processes," where we investigate how culture influences modes of attention; (2) research on "human psychology ➔ cultural processes," where we investigate how those who hold a specific mode of attention create cultural products and tangible representations of culturally shared meanings; (3) research on cultural neuroscience, where we investigate underlying mechanisms and processes of specific modes of attention; and (4) research on cultural transmission processes, where we investigate how specific modes of attention is taught by adults and internalized by children.

show abstract

Culture and decision‐making: Investigating cultural variations in the East Asian and North American online decision‐making processes

Cited by 29 publications

References 43 publications

Influence of Culture on Investment Decisions: A Cross-Sectional Study of Ghanaian Population

Influence of Culture on Investment Decisions: A Cross-Sectional Study of Ghanaian Population

The Relationship Between Dialectical Beliefs and Proenvironmental Behaviors

Culture and attention: Recent empirical findings and new directions in cultural psychology

Contact Info

Product

Resources

About