Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Sutter, Matthias; Kocher, Martin G.; Glätzle-Rützler, Daniela; Trautmann, Stefan T.

doi:10.1257/aer.103.1.510

“…Borghans et al (2008b) find that performance motivation, fear of failure, internal locus of control, curiosity, low discount rates, and risk aversion are positively associated with more correct answers on a cognition test. Our results are also consistent with experimental evidence from Sutter et al (2012), who find that students with higher levels of impulse control fare better in school and are more likely to obtain good labour-market outcomes. We use a longitudinal approach to find the predictive power of conscientiousness and relate the lower-order structure to evidence on economic preference parameters.…”

supporting

confidence: 90%

The importance of early conscientiousness for socio-economic outcomes: evidence from the British Cohort Study

Prevoo

¹

,

Weel

²

2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Investigation of the lower-order structure of conscientiousness suggests that facets related to reliability, decisiveness and impulse control are most strongly correlated with outcomes. We also investigate changes in early conscientiousness and find that persons who experience declines in the personality distribution between the ages 10 and 16 seem to be worse off in terms of a variety of socio-economic outcomes. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SJEL Classification: J24

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“…task in which outcomes change and probability are fixed (see, among others, Abdellaoui et al, 2011;Andersson et al, 2013;Dohmen and Falk, 2011;Dohmen et al, 2010Dohmen et al, , 2011Eriksen et al, 2011;Falk et al, 2006;Masatlioglu et al, 2012;Sapienza et al, 2009;Sutter et al, 2013).…”

Section: Articles Citing Holt and Laurymentioning

confidence: 99%

A Reconsideration of Gender Differences in Risk Attitudes

Filippin

¹

,

Crosetto

²

2016

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This paper reconsiders the wide agreement that females are more risk averse than males. We survey the existing experimental literature, finding that significance and magnitude of gender differences are task-specific. We gather data from 54 Holt and Laury (2002) replications, involving more than 7000 subjects. Gender differences appear in less than 10% of the studies, and are significant but negligible in magnitude once all the data are pooled. We exclude that this result is driven by noisier HL data. Gender differences appear to correlate with the presence of a safe option and fixed probabilities in the elicitation method. JEL Classifications: C81; C91; D81

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“…Exceptions that connect (incentivized) preference measures and real-life outcomes are e.g. Burks et al (2015Burks et al ( , 2012, Golsteyn et al (2014), Sutter et al (2013), Rustichini et al (2012) and Chabris et al (2008). Burks et al (2015) is most closely related to this paper and considers the relation between education outcomes, personality measures and economic preferences.…”

Section: Introductionmentioning

confidence: 99%

On the interpretation of non-cognitive skills – What is being measured and why it matters

Humphries

¹

,

Kosse

²

2017

Journal of Economic Behavior & Organization

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in SOEPpapers on Multidisciplinary Panel Data Research at DIW BerlinThis series presents research findings based either directly on data from the German SocioEconomic Panel study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science.The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be requested from the author directly.Any opinions expressed in this series are those of the author(s) and not those of DIW Berlin.Research disseminated by DIW Berlin may include views on public policy issues, but the institute itself takes no institutional policy positions.

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Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Cited by 536 publications

References 48 publications

The importance of early conscientiousness for socio-economic outcomes: evidence from the British Cohort Study

The importance of early conscientiousness for socio-economic outcomes: evidence from the British Cohort Study

A Reconsideration of Gender Differences in Risk Attitudes

On the interpretation of non-cognitive skills – What is being measured and why it matters

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