Expertentum und eskalierendes Commitment

The present study examines the role of expertise for the escalation of commitment. Subjects were 56 apprentices of the financial services sector and 46 subjects working as first-aid persons. Subjects were confronted with scenarios stemming from both areas of work and they had to decide about the allocation of further financial resources after a failing investment. Commitment was measured through the amount of additional investments. The independent variable ?expertise“ was manipulated by the combination of sample and job-context: Those, who had to decide about further investments in the condition with the scenario stemming from their own area of work, were considered to be experts whereas those who were confronted with the scenario of the unfamiliar work-setting were rated as novices. Results show that escalating commitment was significantly higher for novices than for experts.     

The Crucial Role of Nomothetic and Idiographic Conceptions of Time: Interdisciplinary Collaboration in Nuclear Waste Management

The disposal of nuclear waste involves extensive time scales. Technical experts consider up to 1 million years for the disposal of spent fuel and high‐level waste in their safety assessment. Yet nuclear waste is not only a technical but also a so‐called sociotechnical problem and, therefore, requires interdisciplinary collaboration between technical, natural, social sciences, and the humanities in its management. Given that these disciplines differ in their language, epistemics, and interests, such collaboration might be problematic. Based on evidence from cognitive psychology, we suggest that, in particular, a concept like time is presumably critical and can be understood differently. This study explores how different scientific disciplines understand extensive time scales in general and then focuses on nuclear waste. Eighteen qualitative exploratory interviews were conducted with experts for time‐related phenomena of different disciplines, among them experts working in nuclear waste management. Analyses revealed two distinct conceptions of time corresponding to idiographic and nomothetic research approaches: scientists from the humanities and social sciences tend to have a more open, undetermined conception of time, whereas natural scientists tend to focus on a more determined conception that includes some undetermined aspects. Our analyses lead to reflections on potential difficulties for interdisciplinary teams in nuclear waste management. We focus on the understanding of the safety assessment, on potential implications for communication between experts from different disciplines (e.g., between experts from the humanities and engineering for risk assessment and risk communication), and we reflect on the roles of different disciplines in nuclear waste management.     

Counting Young Carers in Switzerland – A Study of Prevalence

An online survey of children in school grades 4–9 (mostly aged 10–15) was conducted in order to determine the prevalence of young carers in Switzerland using a 2‐stage stratified sampling approach. 4082 respondents were drawn from 230 schools. A total of 3991 respondents were included in the analysis and of these 307 (7.7%) were identified as young carers. The population estimate of prevalence was 7.9 per cent. This suggests that there are around 38 400 young carers in school grades 4–9 in Switzerland. Extrapolating to the 9–16 age group gives a figure of almost 51 500.     

Good Passages, Bad Passages

This chapter explores the relation between subjectivities, materialities (including technological arrangements) and bodily competencies. Starting from the assumption that all material and bodily arrangements are specific, it considers some of those specificities, and the 'passages' through which these specific arrangements are fitted together for a particular person, Liv, who is physically disabled. It explores the character of some of Liv's 'passages'—some are 'good', some 'bad', some public, and some discrediting—and the ways in which they are shaped to produce personal and biographical continuity and relative autonomy for her—an autonomy and capacity discretionary decision making which she highly values. The paper thus uses some of the tools developed in the actor-network approach, but also in feminism, to interpret the material and corporeal relations involved in the formation of contemporary subjectivities.     

Do Asset Market Prices Reflect Traders' Judgment Biases?

The existence of base rate fallacy (BRF) bias is explored employing: (i) a context treatment with a narrative story applied to asset markets and (ii) an isomorphic abstract setting using balls-and-bingo cages. Probability estimates reflect a BRF bias in both treatments, but is stronger with context. Prices track highest expected dividend values (HEDVs) with context, resulting in strongly biased prices relative to the Bayesian norm when biased traders have HEDVs. In the abstract treatment prices do not track HEDVs nearly as closely, resulting in prices closer to the BRF bias only when most traders hold biased beliefs.     

Chemical Leasing Business Models—A Contribution to the Effective Risk Management of Chemical Substances

Chemicals indisputably contribute greatly to the well-being of modern societies. Apart from such benefits, however, chemicals often pose serious threats to human health and the environment when improperly handled. Therefore, the European Commission has proposed a regulatory framework for the Registration, Evaluation and Authorization of Chemicals (REACH) that requires companies using chemicals to gather pertinent information on the properties of these substances. In this article, we argue that the crucial aspect of this information management may be the honesty and accuracy of the transfer of relevant knowledge from the producer of a chemical to its user. This may be particularly true if the application of potentially hazardous chemicals is not part of the user's core competency. Against this background, we maintain that the traditional sales concept provides no incentives for transferring this knowledge. The reason is that increased user knowledge of a chemical's properties may raise the efficiency of its application. That is, excessive and unnecessary usage will be eliminated. This, in turn, would lower the amount of chemicals sold and in competitive markets directly decrease profits of the producer. Through the introduction of chemical leasing business models, we attempt to present a strategy to overcome the incentive structure of classical sales models, which is counterproductive for the transfer of knowledge. By introducing two models (a Model A that differs least and a Model B that differs most from traditional sales concepts), we demonstrate that chemical leasing business models are capable of accomplishing the goal of Registration, Evaluation and Authorization of Chemicals: to effectively manage the risk of chemicals by reducing the total quantity of chemicals used, either by a transfer of applicable knowledge from the lessor to the lessee (Model A) or by efficient application of the chemical by the lessor him/herself (Model B).