Pub Date : 1990-09-01DOI: 10.1016/0090-5720(90)90029-7
Michael J. Roszkowski, Glenn E. Snelbecker
Prospect theory suggests that describing the objective risk inherent in a situation in terms of how much can be “gained” will lead to risk avoidance, whereas describing the same exact situation in terms of the potential “losses” to be suffered leads to risk-seeking behavior. This effect has been called “framing.” The present study investigated whether this bias occured among a professional group that deals with financial risk as part of their work. The results show that financial planners are not immune to the framing bias.
{"title":"Effects of “Framing” on measures of risk tolerance: Financial planners are not immune","authors":"Michael J. Roszkowski, Glenn E. Snelbecker","doi":"10.1016/0090-5720(90)90029-7","DOIUrl":"10.1016/0090-5720(90)90029-7","url":null,"abstract":"<div><p>Prospect theory suggests that describing the objective risk inherent in a situation in terms of how much can be “gained” will lead to risk avoidance, whereas describing the same exact situation in terms of the potential “losses” to be suffered leads to risk-seeking behavior. This effect has been called “framing.” The present study investigated whether this bias occured among a professional group that deals with financial risk as part of their work. The results show that financial planners are not immune to the framing bias.</p></div>","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 3","pages":"Pages 237-246"},"PeriodicalIF":0.0,"publicationDate":"1990-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90029-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53977956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-09-01DOI: 10.1016/0090-5720(90)90030-B
David O. Sears, Carolyn L. Funk
{"title":"The limited effect of economic self-interest on the political attitudes of the mass public","authors":"David O. Sears, Carolyn L. Funk","doi":"10.1016/0090-5720(90)90030-B","DOIUrl":"10.1016/0090-5720(90)90030-B","url":null,"abstract":"","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 3","pages":"Pages 247-271"},"PeriodicalIF":0.0,"publicationDate":"1990-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90030-B","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53363421","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-09-01DOI: 10.1016/0090-5720(90)90033-4
David W. Marsden
{"title":"Rules, groups, and labor markets","authors":"David W. Marsden","doi":"10.1016/0090-5720(90)90033-4","DOIUrl":"10.1016/0090-5720(90)90033-4","url":null,"abstract":"","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 3","pages":"Pages 305-319"},"PeriodicalIF":0.0,"publicationDate":"1990-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90033-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53363555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-09-01DOI: 10.1016/0090-5720(90)90034-5
Charles W. Mueller, James L. Price
Economists, psychologists, and sociologists have all contributed to the understanding of voluntary labor turnover. We argue for an integrated explanatory model which incorporates variables from each perspective. Such a model is presented and then estimated. Data from a cohort of 135 recently hired registered nurses employed by a university hospital are analyzed to assess the effects of the various explanatory variables on turnover during one year of employment. Turnover is measured by organization records for 12 months following the administration of the questionnaire designed to measure the independent variables. The integrated model portrays the work conditions, environmental conditions, and employee characteristics as primarily affecting turnover by impacting on the intervening variables of job satisfaction, organizational commitment and intent to stay. Ordinary least square (OLS) regression and logistic regression are used in the analysis. The data indicate support for sociological, economic, and psychological determinants of voluntary turnover. These findings are discussed from the perspective of Etzioni's claims about the importance of the moral dimension for explaining economic behavior such as turnover.
{"title":"Economic, psychological, and sociological determinants of voluntary turnover","authors":"Charles W. Mueller, James L. Price","doi":"10.1016/0090-5720(90)90034-5","DOIUrl":"10.1016/0090-5720(90)90034-5","url":null,"abstract":"<div><p>Economists, psychologists, and sociologists have all contributed to the understanding of voluntary labor turnover. We argue for an integrated explanatory model which incorporates variables from each perspective. Such a model is presented and then estimated. Data from a cohort of 135 recently hired registered nurses employed by a university hospital are analyzed to assess the effects of the various explanatory variables on turnover during one year of employment. Turnover is measured by organization records for 12 months following the administration of the questionnaire designed to measure the independent variables. The integrated model portrays the work conditions, environmental conditions, and employee characteristics as primarily affecting turnover by impacting on the intervening variables of job satisfaction, organizational commitment and intent to stay. Ordinary least square (OLS) regression and logistic regression are used in the analysis. The data indicate support for sociological, economic, and psychological determinants of voluntary turnover. These findings are discussed from the perspective of Etzioni's claims about the importance of the moral dimension for explaining economic behavior such as turnover.</p></div>","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 3","pages":"Pages 321-335"},"PeriodicalIF":0.0,"publicationDate":"1990-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90034-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53363568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-09-01DOI: 10.1016/0090-5720(90)90031-2
Joseph J. Cordes
{"title":"Socio-economic perspectives on household saving behavior","authors":"Joseph J. Cordes","doi":"10.1016/0090-5720(90)90031-2","DOIUrl":"10.1016/0090-5720(90)90031-2","url":null,"abstract":"","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 3","pages":"Pages 273-284"},"PeriodicalIF":0.0,"publicationDate":"1990-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90031-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53363506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-06-01DOI: 10.1016/0090-5720(90)90012-V
Jane Wheelock
{"title":"Families, self-respect and the irrelevance of “rational economic man” in a postindustrial society","authors":"Jane Wheelock","doi":"10.1016/0090-5720(90)90012-V","DOIUrl":"10.1016/0090-5720(90)90012-V","url":null,"abstract":"","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 2","pages":"Pages 221-236"},"PeriodicalIF":0.0,"publicationDate":"1990-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90012-V","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53976776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-06-01DOI: 10.1016/0090-5720(90)90010-5
Richard M. Coughlin
{"title":"The economic person in sociological context: Case studies in the mediation of self-interest","authors":"Richard M. Coughlin","doi":"10.1016/0090-5720(90)90010-5","DOIUrl":"10.1016/0090-5720(90)90010-5","url":null,"abstract":"","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 2","pages":"Pages 181-207"},"PeriodicalIF":0.0,"publicationDate":"1990-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90010-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53976667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-06-01DOI: 10.1016/0090-5720(90)90011-U
Michael Thompson, Richard Ellis, Aaron Wildavsky
{"title":"Making ends meet: The social malleability of needs and resources","authors":"Michael Thompson, Richard Ellis, Aaron Wildavsky","doi":"10.1016/0090-5720(90)90011-U","DOIUrl":"10.1016/0090-5720(90)90011-U","url":null,"abstract":"","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 2","pages":"Pages 209-219"},"PeriodicalIF":0.0,"publicationDate":"1990-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90011-U","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53976718","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1990-06-01DOI: 10.1016/0090-5720(90)90008-U
Richard Swedberg
During the last ten or fifteen years the old separation between economics and other social sciences has increasingly been challenged by economists applying the neoclassical paradigm to problems that traditionally concern the other social sciences. The main thesis of this paper is that this so-called “economic imperialism” threatens to unleash a new paradigmatic struggle in the social sciences, which is likely to be just as destructive as the old Methodenstreit. It is in this situation that socioeconomics emerges as a viable alternative since it emphasizes the need for a systhesis of the findings of several social sciences when an economic problem is analyzed. The article stresses the original battle of the methods at the turn of the century that gave birth to a set of ideas, analogous to those of Etzioni on socioeconomics, namely what Max Weber called Sozialökonomik. The emergence of “economic imperialism” is described, and the essay ends with a plea for a socioeconomics in the sense of a broad, overarching approach to economic analysis. Economic imperialism, it is concluded, threatens to close the door to new developments in economics; socioeconomics, on the other hand, tries to keep it open.
{"title":"Socioeconomics and the new “battle of the methods”: Towards a paradigm shift?","authors":"Richard Swedberg","doi":"10.1016/0090-5720(90)90008-U","DOIUrl":"10.1016/0090-5720(90)90008-U","url":null,"abstract":"<div><p>During the last ten or fifteen years the old separation between economics and other social sciences has increasingly been challenged by economists applying the neoclassical paradigm to problems that traditionally concern the other social sciences. The main thesis of this paper is that this so-called “economic imperialism” threatens to unleash a new paradigmatic struggle in the social sciences, which is likely to be just as destructive as the old <em>Methodenstreit</em>. It is in this situation that socioeconomics emerges as a viable alternative since it emphasizes the need for a systhesis of the findings of several social sciences when an economic problem is analyzed. The article stresses the original battle of the methods at the turn of the century that gave birth to a set of ideas, analogous to those of Etzioni on socioeconomics, namely what Max Weber called <em>Sozialökonomik</em>. The emergence of “economic imperialism” is described, and the essay ends with a plea for a socioeconomics in the sense of a broad, overarching approach to economic analysis. Economic imperialism, it is concluded, threatens to close the door to new developments in economics; socioeconomics, on the other hand, tries to keep it open.</p></div>","PeriodicalId":85718,"journal":{"name":"The Journal of behavioral economics","volume":"19 2","pages":"Pages 141-154"},"PeriodicalIF":0.0,"publicationDate":"1990-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0090-5720(90)90008-U","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53976569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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