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Where to Look for the Morals in Markets?

Sutter, Matthias - 2016

Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...

Persistent link: https://www.econbiz.de/10012985658

Incorporating Conditional Morality into Economic Decisions

Masclet, David - 2019

We present a framework that incorporates both moral motivations and fairness considerations into utility. The main idea is that individuals face a preference trade-off between their material individual interest and their desire to follow moral norms. In our model, we assume that moral motivation...

Persistent link: https://www.econbiz.de/10012858837

The Economic Approach to Personality, Character and Virtue

Heckman, James J.; Galaty, Bridget; Tian, Haihan - 2023

economics of virtue ethics. Character traits and personality are not considered immutable in either field. They are shaped by … content to virtue ethics and suggest what virtue ethics contributes to the study of economic models …

Persistent link: https://www.econbiz.de/10014344729

Cognition and Economic Outcomes in the Health and Retirement Survey

McArdle, John Joseph - 2010

Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...

Persistent link: https://www.econbiz.de/10013152242

The Asymmetry of Population Ethics : Experimental Social Choice and Dual-Process Moral Reasoning

Spears, Dean - 2019

Population ethics is widely considered to be exceptionally important and exceptionally difficult. One key source of …

Persistent link: https://www.econbiz.de/10012863817

Unethical Behavior and Group Identity in Contests

Bénistant, Julien - 2019

Using a real-effort experiment, we study whether group identity affects unethical behavior in a contest game. We vary whether minimal group identity is induced or not, whether individuals have to report their own outcome or the outcome of their competitor, and whether pairs of competitors share...

Persistent link: https://www.econbiz.de/10012870452

A Theory of Expert Leadership

Goodall, Amanda H. - 2012

How much knowledge should leaders have of their organization's core business? This is an important question but not one … that has been addressed in the management literature. In a new 'theory of expert leadership' (TEL), this paper blends … sufficient. Expert leaders are those with (1) inherent knowledge, acquired through technical expertise combined with high ability …

Persistent link: https://www.econbiz.de/10013105998

Confidence in Knowledge or Confidence in the Ability to Learn : an Experiment on the Causal Effects of Beliefs on Motivation

Fischer, Mira - 2018

Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions – namely beliefs about the level of human capital and beliefs about the ability to learn – and this may explain...

Persistent link: https://www.econbiz.de/10012926724

Who Benefits from General Knowledge?

Bellés-Obrero, Cristina - 2020

While vocational education is meant to provide occupational-specific skills that are directly employable, their returns may be limited in fast-changing economies. Conversely, general education should provide learning skills, but these may have little value at low levels of education. This paper...

Persistent link: https://www.econbiz.de/10012840451

Locus of Control and Consistent Investment Choices

Pinger, Pia - 2018

We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...

Persistent link: https://www.econbiz.de/10012918221