The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
The Relationship Between Economic Preferences and Psychological Personality Measures
Abstract
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review, we first analyze the extent to which economic preferences and psychological concepts of personality, such as the Big Five and locus of control, are related. We analyze data from incentivized laboratory experiments and representative samples and find only low degrees of association between economic preferences and personality. We then regress life outcomes (such as labor market success, health status, and life satisfaction) simultaneously on preference and personality measures. The analysis reveals that the two concepts are rather complementary when it comes to explaining heterogeneity in important life outcomes and behavior.
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Cites
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“Social preferences include altruism (e.g. Eckel and Grossmann, 1996) and negative and positive reciprocity (e.g. Falk and Fischbacher, 2006).”
BackgroundPersonality development and organizational behavior.
Roberts, B. W. (2006) · Research in Organizational Behavior · doi:10.1016/s0191-3085(06)27001-1 · Cited by 177
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“For example, 4 the study by Daly et al. (2009) suggests a negative relationship between conscientiousness and the discount rate, but such a negative correlation is not corroborated by Dohmen et al. (2010), who relate experimental measures of willingness to take risk and impatience to survey…”
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Cited by
23and Me Research Team, Karlsson Linnér, R., eQTLgen Consortium, International Cannabis Consortium, Social Science Genetic Association Consortium, Biroli, P., Kong, E., Meddens, S. F. W., Wedow, R., Fontana, M. A., et al. (2019) · Nature Genetics · doi:10.1038/s41588-018-0309-3 · Cited by 756
Personality and prosocial behavior: A theoretical framework and meta-analysis.
Thielmann, I., Spadaro, G., & Balliet, D. (2020) · Psychological Bulletin · doi:10.1037/bul0000217 · Cited by 689
Reducing Crime and Violence: Experimental Evidence from Cognitive Behavioral Therapy in Liberia
Blattman, C., Jamison, J. C., & Sheridan, M. (2017) · American Economic Review · doi:10.1257/aer.20150503 · Cited by 355
Fostering and Measuring Skills: Interventions That Improve Character and Cognition
Heckman, J., & Kautz, T. (2013) · doi:10.3386/w19656 · Cited by 311
Falk, A., Becker, A., Dohmen, T., Huffman, D., & Sunde, U. (2016) · doi:10.2139/ssrn.2725035 · Cited by 195
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Metadata
- Authors
- Becker, A., Deckers, T., Dohmen, T., Falk, A., & Kosse, F.
- Venue
- Annual Review of Economics
- Publisher
- Annual Reviews
- Published
- 2012-09-01
- Volume
- 4
- Issue
- 1
- Pages
- 453-478
- ISSN
- 1941-1383 (ISSN-L)
- 1941-1391
- OpenAlex
- W3121371932
- Cited by
- 475
- References
- 6
- FWCI
- 15.40
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
