The Role of Beliefs in an Investment Game Experiment

2002 ◽  
Author(s):  
William Morrison ◽  
E. Elisabet (Lisa) Rutstrrm
Keyword(s):  
Investment Game

scholarly journals Gender and Financial Risk: The U.S. and Brazil

2016 ◽  
Vol 11 (1) ◽  
pp. 15-25
Author(s):  
Dennis Barber ◽  
Yassaman Saadatmand ◽  
Thomas Kavoori
Keyword(s):  
Financial Risk ◽  
Risky Asset ◽  
Risk Behaviours ◽  
Individual Level ◽  
Pooled Data ◽  
Investment Game ◽  
Unique Approach ◽  
Second Chance ◽  
The U.S

AbstractThis study intends to add to the debate whether differences in risk behaviours exist between genders. These results are used to inform the conversation about the role of gender in management and leadership. The design is an investment game in which participants could gain or lose money from investing in a hypothetical risky asset. Participants were first paid $10 to complete a survey. They could then invest any or all of this $10 in a risky asset with a known probability of gaining and losing. After winnings from the first round of investments were dispersed, a second chance to invest in the same asset was offered. The findings suggest that there is no difference between genders in their willingness to invest into the risky asset. This held true for the pooled data and for the U.S. and Brazil data separately. It is often assumed that the inherent risk behaviours differs between genders and, often times, this information is used when making promotion or hiring decisions. The methodology offers a unique approach to measuring financial risk taking at an individual level. The investment game included salient rewards and subjects were in a setting where other factors could be controlled.

scholarly journals Computational Psychometrics in Communication and Implications in Decision Making

2015 ◽  
Vol 2015 ◽  
pp. 1-10 ◽  
Author(s):  
Pietro Cipresso ◽  
Daniela Villani ◽  
Claudia Repetto ◽  
Lucia Bosone ◽  
Anna Balgera ◽  
...  
Keyword(s):  
Decision Making ◽  
Personal Communication ◽  
Female Students ◽  
Affective States ◽  
Self Disclosure ◽  
Investment Game ◽  
Economic Decision Making ◽  
Trust And Reciprocity ◽  
Behavioral Trust

Recent investigations emphasized the role of communication features on behavioral trust and reciprocity in economic decision making but no studies have been focused on the effect of communication on affective states in such a context. Thanks to advanced methods of computational psychometrics, in this study, affective states were deeply examined using simultaneous and synchronized recordings of gazes and psychophysiological signals in 28 female students during an investment game. Results showed that participants experienced different affective states according to the type of communication (personal versus impersonal). In particular, participants involved in personal communication felt more relaxed than participants involved in impersonal communication. Moreover, personal communication influenced reciprocity and participants’ perceptions about trust and reciprocity. Findings were interpreted in the light of the Arousal/Valence Model and self-disclosure process.

scholarly journals Strategic Self-Regulation in Groups: Collective Implementation Intentions Help Cooperate When Cooperation Is Called for

2020 ◽  
Vol 11 ◽  
Author(s):  
J. Lukas Thürmer ◽  
Frank Wieber ◽  
Peter M. Gollwitzer
Keyword(s):  
Implementation Intentions ◽  
Self Regulation ◽  
Social Dilemmas ◽  
Investment Game ◽  
Prisoners Dilemma ◽  
Group Members ◽  
The Individual ◽  
Group Member

Groups need contributions that are personally costly to their members. Such cooperation is only adaptive when others cooperate as well, as unconditional cooperation may incur high costs to the individual. We argue that individuals can use We-if-then plans (collective implementation intentions, cIIs) to regulate their group-directed behavior strategically, helping them to cooperate selectively with group members in the situation planned for. In line with this prediction, a cII to consider group earnings increased cooperative decisions in a prisoners’ dilemma game when playing against another group member but not when playing against a stranger (i.e., non-group member). Moreover, cIIs to cooperate in the prisoners’ dilemma game did not increase cooperation in a structurally similar investment game that participants had not planned for. We discuss the role of collective planning in solving social dilemmas.

Role of dactinomycin in the improved survival of children with Wilms' tumor

JAMA ◽  
1966 ◽  
Vol 195 (12) ◽  
pp. 1005-1009 ◽  
Author(s):  
D. J. Fernbach
Keyword(s):  
Wilms Tumor

Role of the allergist in diagnosis and management of patients with uveitis

JAMA ◽  
1966 ◽  
Vol 195 (3) ◽  
pp. 167-172 ◽  
Author(s):  
T. E. Van Metre
Keyword(s):  
Diagnosis And Management

The power of norms to sway fused group members

2018 ◽  
Vol 41 ◽  
Author(s):  
Winnifred R. Louis ◽  
Craig McGarty ◽  
Emma F. Thomas ◽  
Catherine E. Amiot ◽  
Fathali M. Moghaddam
Keyword(s):  
Evolutionary Anthropology ◽  
Normative Systems ◽  
Violent Extremism ◽  
Identity Fusion ◽  
Group Members

AbstractWhitehouse adapts insights from evolutionary anthropology to interpret extreme self-sacrifice through the concept of identity fusion. The model neglects the role of normative systems in shaping behaviors, especially in relation to violent extremism. In peaceful groups, increasing fusion will actually decrease extremism. Groups collectively appraise threats and opportunities, actively debate action options, and rarely choose violence toward self or others.

Elaborating the role of reflection and individual differences in the study of folk-economic beliefs

2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Cognitive Processes ◽  
Evolutionary History ◽  
Behavioral Responses ◽  
History Of ◽  
Economic Beliefs

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.

The role of affect in feelings of obligation

2020 ◽  
Vol 43 ◽  
Author(s):  
Stefen Beeler-Duden ◽  
Meltem Yucel ◽  
Amrisha Vaish
Keyword(s):  
Positive Emotions ◽  
The Creation ◽  
Sense Of Obligation

Abstract Tomasello offers a compelling account of the emergence of humans’ sense of obligation. We suggest that more needs to be said about the role of affect in the creation of obligations. We also argue that positive emotions such as gratitude evolved to encourage individuals to fulfill cooperative obligations without the negative quality that Tomasello proposes is inherent in obligations.

Refining our understanding of the “elephant in the room”

2020 ◽  
Vol 43 ◽  
Author(s):  
Andrew Whiten
Keyword(s):  
Social Cognition ◽  
Cultural Evolution ◽  
Cognitive Abilities ◽  
Critical Factors ◽  
Technological Culture

Abstract The authors do the field of cultural evolution a service by exploring the role of non-social cognition in human cumulative technological culture, truly neglected in comparison with socio-cognitive abilities frequently assumed to be the primary drivers. Some specifics of their delineation of the critical factors are problematic, however. I highlight recent chimpanzee–human comparative findings that should help refine such analyses.

Choosing a Markov blanket

2020 ◽  
Vol 43 ◽  
Author(s):  
Thomas Parr
Keyword(s):  
Markov Blanket ◽  
Target Article ◽  
The Relationship

Abstract This commentary focuses upon the relationship between two themes in the target article: the ways in which a Markov blanket may be defined and the role of precision and salience in mediating the interactions between what is internal and external to a system. These each rest upon the different perspectives we might take while “choosing” a Markov blanket.

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