The effect of fast and slow decisions on risk taking

We experimentally compare fast and slow decisions in a series of experiments on financial risk taking in three countries involving over 1700 subjects. To manipulate fast and slow decisions, subjects were randomly allocated to responding within 7 seconds (time pressure) or waiting for at least 7 or 20 seconds (time delay) before responding. To control for different effects of time pressure and time delay on measurement noise, we estimate separate parameters for noise and risk preferences within a random utility framework. We find that time pressure increases risk aversion for gains and risk taking for losses compared to time delay, implying that time pressure increases the reflection effect of Prospect Theory. The results for gains are weaker and less robust than the results for losses. We find no significant difference between time pressure and time delay for loss aversion (tested in only one of the experiments). Time delay also leads to less measurement noise than time pressure and unconstrained decisions, and appears to be an effective way of decreasing noise in experiments.     

Die Eliminationsmethode – Förderung kreativer Ideen durch die Elimination bekannter Lösungen

This pilot study presents the first implementation and evaluation of a new technique to raise creative performances by eliminating common ideas and conventional solutions in a first step and subsequently generate new ideas. This technique is termed “elimination method”. The experiment of this study was conducted with individually working subjects, not involving group interaction. 30 subjects worked on a creativity task with the elimination method, 30 subjects worked on the same creativity task with brainstorming technique instructions. They produced 1919 ideas which could be summarized to 268 different cognitive elements as the baseline of the research. The theoretical focus of this study is to highlight the role of common knowledge in group discussion and the corresponding intra-individual processes and cognitive processes. Overall results of data examination were in line with expectations and support future testing of the proposed elimination method in a group context. This study was able to show that the instructions for the elimination method induced effects as intended, producing mainly common ideas in the first step and mainly new ideas in the second step, overall resembling the output of the brainstorming condition. The second step of the elimination method outperformed the brainstorming condition in producing idea output with a higher creative density and one-tailed differences were significant (p? =? 0.028). Furthermore, interactions between method and creativity measures were explored. Findings were connected to corresponding research where appropriate and implications for future research were remarked upon.     

Settler colonial power and the American Indian sovereignty movement: forms of domination, strategies of transformation

The article extends the multi-institutional model of power and change through an analysis of the American Indian Sovereignty Movement. Drawing upon cultural models of the state, and articulating institutionalist conceptions of political opportunities and resources, the analysis demonstrates that this framework can be applied to challenges addressing the state as well as nonstate fields. The rational-legal diminishment of tribal rights, bureaucratic paternalism, commonsense views of tribes as racial/ethnic minorities, and the binary construction of American and Indian as oppositional identities diminished the appeal of "contentious" political action. Instead, to establish tribes' status as sovereign nations, tribal leaders aggressively enacted infrastructural power, transposed favorable legal rulings across social fields to legitimize sovereignty discourses, and promoted a pragmatic coexistence with state and local governments. Identifying the United States as a settler colonial society, the study suggests that a decolonizing framework is more apt than racial/ethnicity approaches in conceptualizing the struggle of American Indians.     

Minority and majority private equity investments: firm performance and governance

This paper adds to the literature on the determinants of the effects of private equity (PE) investments. Using an original dataset of 191 target firms in Italy, we study the effects on performance and governance of the stakes acquired by the PE investor. We employ a difference-in-differences approach and compare target and control firms sharing similar characteristics and performance in the years preceding the deal. We find that PE investment has a positive effect on profitability, sales, and employment; these effects are larger for minority investments. We argue that this signals effective governance that follows from complementing rather than substituting incumbent managers in minority investments.     

A Mixed-Methods Inquiry Into Trans* Environmental Microaggressions on College Campuses: Experiences and Outcomes

ABSTRACT

The experiences, including with environmental microaggressions, and well-being of trans* collegians remain an under-researched topic. In this mixed-methods study of a survey sample of 152 trans* collegians, multivariable regression findings suggest that the frequency of experiencing select trans* environmental microaggressions (e.g., not having access to comfortable bathrooms as a trans* person) are associated with increased risk for poorer academic outcomes (e.g., developmental challenges) but are not associated with mental health outcomes. Furthermore, interviews with 18 trans* collegians suggest that students face several systemic microaggressions, including difficulties advancing trans* inclusion. Various reactions, including paths of resistance, were identified. Implications are discussed.     

Sexual Involvement and Social Research in a Fat Civil Rights Organization

Sex between researchers and informants in the field represents a kind of dirty little secret among ethnographers: It frequently occurs but is hardly ever discussed in print. Recently, anthropologists have begun violating that taboo, but sociologists remain silent on the subject. The author argues that this is a mistake, that sexual intimacy raises a number of methodological and ethical issues that demand discussion.     

Nationalism and patriotism as determinants of European identity and attitudes towards the euro

The present study investigates national identity and European identity as determinants of attitudes towards the single European currency, the euro. It is assumed that support of the euro depends on a positive European identity which may be affected by patriotism and nationalism as different types of national identity. Sentimental and instrumental attachment to one’s own nation, and optimistic expectations about Austrian future are included as determinants of patriotism and nationalism. A sample of 318 participants completed a questionnaire. Results give evidence for impacts of national and European identity on the attitudes towards the euro.     

Teacher training and multiculturalism in a transitional society: the case of the Slovak Republic

The authors explore a number of issues surrounding multicultural education in “societies in transition”, emerging from their experiences during a TEMPUS project that took place in the Slovak Republic. The TEMPUS project entailed the development of a multicultural education curriculum for teacher trainers, as a response to the conditions for entry into the European Union. The paper provides background information on the position of ethnic minorities in Slovakia, in particular the Hungarian and Roma population and the development of policies, especially in education, for combating racism. In examining the challenges to educators in developing a more open system than the command education of the recent past, issues such as the predominance of traditional pedagogies, multiculturalism and antiracism, the problems of “other isms” and of giving voice to minorities are considered.