Changing College Students’ Financial Knowledge, Attitudes, and Behavior through Seminar Participation

This pilot study examined the influence of Credit Wise Cats, a financial education seminar presented by Students in Free Enterprise, on the attitudes, knowledge, and intentions toward financial responsibility of college students (N = 93). Findings suggest that the seminar effectively increased students’ financial knowledge, increased responsible attitudes toward credit and decreased avoidant attitudes towards credit from pre-test to post-test. At post-test, students reported intending to engage in significantly more effective financial behaviors and fewer risky financial behaviors. Finally, demographic factors (e.g., gender and employment status) predicted students’ financial knowledge, attitudes, and behaviors. These results suggest that a seminar format may be useful in reaching a wider audience of college students and, thus, warrants future longitudinal evaluation.

The Factors Influencing Saving in a Matched Savings Program: Goals,Knowledge of Payment Instruments,and Other Behavior

This paper explores the saving behavior of the group of low-income households that have participated in the Australian Saver Plus matched savings program. The paper finds that a dynamic panel model represents a good technique for modeling the savings account balances of such participants. We find that, even after controlling for the unobservable individual response to the program incentive, the saving goal and education/financial literacy variables play a positive role in encouraging saving behavior. More importantly however, we find that programs such as Saver Plus are able to modify the saving behavior of individuals to the point where their prior behavior and their inherent attitude towards saving no longer play a significant role.

Imagined interactions,family money management patterns and coalitions,and attitudes toward money and credit

This study explores the imagined interactions college students have with their parents about money and credit, their attitudes toward credit and money, the ways they say their parents deal with financial decisions, and the communication coalitions regarding finances they perceive existing within their family. Students’ imagined interaction pleasantness is greatest when parents jointly form a plan for paying off credit card debt and lowest when parents argue. When family coalitions exist, students report more frequent imagined interactions. Imagined interaction frequency and pleasantness are related to credit and money attitudes.

Anti-Semitism and Identification of Jewish Group Membership from Photographs

Early literature found that holding more anti-Semitic attitudes positively predicted ability to discern whether a photograph was of a Jewish or non-Jewish person. This contradicts the well established finding that interpersonal sensitivity is generally associated with healthy psychological characteristics. In five new, previously unpublished studies we found that this relation was negative, such that more prejudiced individuals were now less accurate than less prejudiced individuals at a similar task, consistent with the general finding. A meta-analysis of all the studies showed that time was a significant moderator of the relation. Possible reasons for the temporal change are discussed.

Informalization and contemporary manners: The Wouters studies

This is a discussion of two books by Cas Wouters, Sex and Manners: Female Emancipation in the West 1890–2000 (London: Sage, 2004), and Informalization: Manners and Emotions since 1890 (Sage, forthcoming 2007, English version).

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The inverse plurality rule—an axiomatization

Under the ‘inverse plurality rule’, voters specify only their least preferred alternative. Our first result establishes that this rule is the only scoring rule that satisfies the minimal veto condition (MV). We then prove that the inverse plurality rule is characterized by MV and the four well known conditions that characterize scoring rules; namely, Anonymity (A), Neutrality (N), Reinforcement (RE) and Continuity (CO). Our new characterization result is related to the characterizations of approval voting and of the widely used plurality rule. We finally show how the axiomatization of the inverse plurality rule can be extended to the axiomatization of elementary scoring rules (vote for t-alternatives scoring rules). We are indebted to two anonymous referees for their most useful comments.

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The scoring rules in an endogenous election

Plurality rule is mostly criticized from being capable of choosing an alternative considered as worst by a strict majority. This paper considers elections in which the agenda consists of potential candidates strategically choosing whether or not to enter the election. In this context, we examine the ability of scoring rules to fulfil the Condorcet criterion. We show for the case of three potential candidates that Plurality rule is the only scoring rule that satisfies a version of the Condorcet criterion in two cases: 1) when preferences are single-peaked and, 2) when preferences are single-dipped.

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Efficient nonanthropocentric nature protection

This paper analyzes nature protection by a social planner under different ‘utilitarian’ social welfare functions. For that purpose we construct an integrated model of the economy and the ecosystem with explicit consideration of nonhuman species and with competition between human and nonhuman species for land and prey biomass. We characterize and compare the efficient allocations when social welfare is anthropocentric (only consumers have positive welfare weights), when social welfare is biocentric (only nonhuman species have positive welfare weights) and when social welfare is nonanthropocentric (all species have positive welfare weights). Not surprisingly, biocentric social welfare calls for suspending all economic activities. It is more important, however, that both anthropocentrism and nonanthropocentrism make the case for nature protection through different channels, though. Our analysis suggests that one may dispense with the concept of nonanthropocentric social welfare provided that in the anthropocentric framework the consumers' intrinsic valuation of nature is properly accounted for.

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Reasons for Seeking Help for a Gambling Problem: The Experiences of Gamblers Who Have Sought Specialist Assistance and the Perceptions of Those Who Have Not

This paper presents reasons for help-seeking data as reported by users of a national gambling helpline (help-seekers, HS, n = 125) as well as data pertaining to perceived reasons for seeking help as reported by gamblers recruited from the general population (non-help-seekers, NHS, n = 104). All data were collected via a structured, multi-modal survey. Participants in both groups considered help-seeking to be motivated by multiple factors (mean of 6.8 and 10.6 responses, respectively). Responses indicative of financial concern were most frequently reported by both HS and NHS participants (82 & 90%, respectively). Over a third of HS participants (35%) also identified financial concern as their primary reason for seeking help and 50% of NHS participants perceived financial concern to be the primary motivator for seeking help in a problem gambling context. Common types of secondary influence (other than financial concern) included psychological distress (HS & NHS participants), problem prevention (HS participants), rational thought (HS participants), physical health issues (HS participants), and relationship issues (NHS participants). The implications for promoting greater or earlier help-seeking activity amongst problem gamblers are discussed.

The Unbearable Fatigue of Compassion: Notes from a Substance Abuse Counselor Who Dreams of Working at Starbuck’s

Current research has determined that a larger percent of social workers and other counselors are affected by PTSD types of symptoms when working with traumatized clients than the general population. While much of this research addresses workers in specific trauma areas like sexual assault centers or child welfare agencies, little specific thought has been given towards the special stress that working with Substance Abuse Disorders (SA) and trauma may present. This paper takes a brief look at the issues of vicarious trauma and compassion fatigue with SA practice and describes future investigation pathways toward this goal.

Dichotomous preferences and the possibility of Arrovian social choice

Consider an individual whose judgments are always based on a fundamental criterion such as a political ideology or a religious doctrine. In a choice situation, he always prefers any alternative that is compatible with the criterion to any that is not. When individuals are allowed to have preference spaces restricted in this manner, we investigate Arrow-consistent domains. We observe that a diversity of attitudes is essential in order to escape an Arrovian impossibility.This paper received the Kanematsu Fellowship from RIEB, Kobe University in May 2002. We are much indebted to two anonymous referees of this journal, three anonymous referees of the Kanematsu Fellowship, Jun Iritani, William Thomson, and John Weymark for helpful comments. We also thank Takashi Kamihigashi, Tetsuya Kishimoto, Ryo-ichi Nagahisa, Hiroaki Nagatani, Tadashi Sekiguchi, Koji Shimomura, Tomoichi Shinotsuka, Koichi Suga, Makoto Tanaka, Ken Urai, and participants at the Kobe-Osaka Joint Seminar in Mathematical Economics at Osaka University in March 2001, the meeting of the Japanese Economic Association at Hiroshima Syudo University in May 2001, the Far Eastern Meeting of the Econometric Society in Kobe in July 2001, the Seventh Decentralization Conference at Waseda University in October 2001, the Sixth International Meeting of the Society for Social Choice and Welfare at Caltech in July 2002 for valuable suggestions. The first version was written while we were graduate students in Economics at Kobe University.

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Religion and Trends in Euthanasia Attitudes among U.S. Adults, 1977–2004

Though many studies address the role of religion in predicting social attitudes over time, none has examined this relationship specifically for euthanasia. Using a large, nationally representative data source, this study seeks to address this void. Our findings indicate that considerable differences exist among religious denominations regarding the legalization of euthanasia. Specifically, we note a liberalizing trend for all included denominations. We also demonstrate substantial differences in the rates of liberalization, particularly in comparison to conservative Protestants. We conclude with an assessment of our findings relative to previous studies on religion and public opinion.

Rapid Emotional Contagion and Expressive Congruence Under Strong Test Conditions

The present research examined whether the observation of emotional expressions rapidly induces congruent emotional experiences and facial responses in observers under strong test conditions. Specifically, participants rated their emotional reactions after (a) single, brief exposures of (b) a range of human emotional facial expressions that included (c) a neutral face comparison using a procedure designed to (d) minimize potential experimental demand. Even with these strong test conditions in place, participants reported discrete expression-congruent changes in emotional experience. Participants’ Corrugator supercilii facial muscle activity immediately following the presentation of an emotional expression appeared to reflect expressive congruence with the observed expression and a response indicative of the amount of cognitive load necessary to interpret the observed expression. The complexity of the C. supercilii response suggests caution in using facial muscle activity as a nonverbal measure of emotional contagion.

Exploring the Design of Financial Counseling for Mortgage Borrowers in Default

This paper analyzes the effects of counseling provided to borrowers in mortgage default (n = 299). Borrowers receiving more hours of counseling perceive counseling more favorably than those receiving fewer hours of counseling. Using measures of marketing efforts to instrument counseling time confirms the positive effect of counseling duration on borrower ratings of counseling. Borrowers are more likely to attend additional counseling sessions after receiving face-to-face counseling as opposed to telephone counseling, although preference among modes can largely be explained by time in counseling. Each additional hour of counseling reduces the marginal probability of a borrower moving to a more severe stage of foreclosure. Counseling could be more successful if provided for longer durations regardless of the delivery mode.

Till Debt do us Part: A Model of Divorce and Personal Bankruptcy

The number of personal bankruptcies has increased dramatically since 1990, and a growing number of filers are divorced. While previous research shows that divorce significantly increases the probability of bankruptcy, these studies assume divorce is exogenous. This study uses the Panel Study of Income Dynamics to investigate the relationship between divorce and bankruptcy. Single-equation probit results show that divorce significantly increases the probability of bankruptcy and bankruptcy significantly increases the probability of divorce. However, after controlling for endogeneity, the effect of divorce on bankruptcy and the effect of bankruptcy on divorce both fall by a significant amount and are statistically insignificant. The findings suggest that future research needs to more carefully model the role that financial distress plays within a marriage.

Real Limits in the Virtual World: Self-Limiting Behavior of Internet Gamblers

The recent expansion of Internet gambling has stimulated debate, policy, and research on this relatively new phenomenon and its potential consequences. The current study focuses on bettors experiencing problems by sampling Internet gamblers who imposed limits on the amount they were allowed to deposit to a betting site. We analyzed the betting transactions over 18 months of all gamblers who subscribed to an online betting site in February, 2005 (N = 47,134), 567 of whom utilized the site’s self-limit feature. Self-limiting gamblers played a wider variety of games and placed more bets than others prior to imposing limits. After imposing limits, self-limiters reduced their activity, but did not reduce the amount they wagered per bet. Time spent gambling, not just money spent, appears to be an important indicator of gambling problems. Self-limit programs appear to be promising options for Internet gamblers at-risk for gambling problems.

Barriers to Help-seeking for a Gambling Problem: The Experiences of Gamblers Who Have Sought Specialist Assistance and the Perceptions of Those Who Have Not

This paper presents barriers to help-seeking data as reported by users of a national gambling helpline (help-seekers, HS, N = 125) as well as data pertaining to perceived barriers to seeking help as reported by gamblers recruited from the general population (non-help-seekers, NHS, N = 104). All data were collected via a structured, multi-modal survey. When asked to identify actual or perceived barriers to seeking help, responses indicative of pride (78% of HS participants, 84% of NHS participants), shame (73% of HS participants, 84% of NHS participants) or denial (87% of NHS participants) were most frequently reported. These three factors were also most often identified as the real or perceived primary barrier to help-seeking (collectively accounting for 55% of HS, and 60% of NHS, responses to this question) and were the only barriers to be identified by more than 10% of either HS and NHS participants without prompting. It was of note, however, that participants in both groups identified multiple barriers to help-seeking (mean of 6.7 and 12.2, respectively) and that, when presented with a list of 21 possible barrier items, NHS participants endorsed 19 of the listed items significantly more often than their HS counterparts. The implications of these findings, with respect to promoting greater or earlier help-seeking activity amongst problem gamblers, are discussed.

Efficiency Wages,Productivity and Simultaneity: A Meta-Regression Analysis

This study reports a meta-analysis of 75 estimates of the efficiency-wage effect. It reveals a strong efficiency-wage effect that depends upon whether researchers control for potential simultaneity between wages and productivity. Studies that control for simultaneity tend to report stronger effects. Clear evidence of publication selection is also found. E24, J30.

Comparison of Deliberate and Spontaneous Facial Movement in Smiles and Eyebrow Raises

We investigated movement differences between deliberately posed and spontaneously occurring smiles and eyebrow raises during a videotaped interview that included a facial movement assessment. Using automated facial image analysis, we quantified lip corner and eyebrow movement during periods of visible smiles and eyebrow raises and compared facial movement within participants. As in an earlier study, maximum speed of movement onset was greater in deliberate smiles. Maximum speed and amplitude were greater and duration shorter in deliberate compared to spontaneous eyebrow raises. Asymmetry of movement did not differ within participants. Similar patterns contrasting deliberate and spontaneous movement in both smiles and eyebrow raises suggest a common pattern of signaling for spontaneous facial displays.

The crisis of neoliberalism and the future of international institutions: A comparison of the IMF and the WTO

The current crisis of neoliberalism is calling into question the relevance of key international institutions. We analyze the origins, nature, and possible impacts of the crisis through comparing two such institutions: the International Monetary Fund (IMF) and the World Trade Organization (WTO). Both originated in the post-World War II U.S.-led hegemonic order and were transformed as part of the transition to global neoliberalism. We show that while the IMF and the WTO have been part of the same hegemonic project, their distinct institutional features have put them on significantly different trajectories. Historical differences in the two institutions’ systems of rules have placed the IMF in a more vulnerable position than the WTO, which provides clues to the future contours of global economic governance.

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