Dynamic decision making: what do people do?

Potentially dynamically-inconsistent individuals create particular problems for economics, as their behaviour depends upon whether and how they attempt to resolve their potential inconsistency. This paper reports on the results of a new experiment designed to help us distinguish between the different types that may exist. We classify people into four types: myopic, naïve, resolute and sophisticated. We implement a new and simple experimental design in which subjects are asked to take two sequential decisions (interspersed by a random move by Nature) concerning the allocation of a given sum of money. The resulting data enables us to classify the subjects. We find that the majority are resolute, a significant few are sophisticated, rather few are naïve and similarly few are myopic.     

Evaluation of Attitudes Toward Same-Sex Parenting in the Italian Context: Adaptation of a French Questionnaire

ABSTRACT

This study investigated the psychometric properties of the Italian version of a French scale to detect attitudes toward same-sex parenting. The Italian sample was split into two subsamples. On one, exploratory factor analysis (EFA) was conducted to detect the factor structure of the Italian scale, and on the other, confirmatory factor analysis (CFA) was run to find the data’s best fit model. The scales’ internal consistency was evaluated using Cronbach’s alpha. The questionnaire’s convergent validity was also evaluated. EFA extracted a four-factor solution, in accordance with the original French scale’s validation study. CFA showed that the translated scale had good consistency, similar to that of the original version, showing satisfactory internal consistency for three of four subscales. There will be benefits to further validation studies of the translated scale on the Italian population and it may possibly be innovative and useful in both research and social fields.     

A Recast Framework for Welfare Deservingness Perceptions

Social Indicators Research - Many important societal debates revolve around questions of deservingness, especially when it comes to debates related to inequality and social protection. It is...     

Exploring the absolutist vs relativist perception of poverty using a cross-country questionnaire survey

Questionnaires eliciting the absolutist vs relativist perception of poverty are administered to 1941 undergraduate students in eight countries - Bolivia, Brazil, Italy, Kenya, Laos, Sweden, Switzerland and the UK. We find that the perception of poverty expressed by a large fraction of respondents exhibits both absolutist and relativist concerns, with the former components prevailing over the latter. High-income countries exhibit a significantly more pronounced relativist attitude. Personal characteristics such as past experience of material hardship and relative standard of living play a germane role in shaping respondents’ views.     

‘Moi aussi,alors, je serai grand-mère’. La construction de la parenté dans les familles homosexuelles

Using the gift as epistemological category, the article explores the social processes of kinship formation in homosexual families. Analysing the stories of lesbian families, the article tries to explain the reason why the mothers want to have kinship networks and kinship bonds. Through kinship connections, all the members are and want to be (or don't want to be) publicly recognised as reciprocal parents of the new-born.     

Strategic choices and strategic management accounting in large manufacturing firms

Journal of Management and Governance - This study examines the relationship between strategic choices and the use of strategic management accounting (SMA) techniques in large manufacturing...     

Modelling Corruption Perceptions: Evidence from Eastern Europe and Central Asian Countries

Social Indicators Research - This work proposes a multidimensional framework that is based on a latent class model to identify various types of corruption and to outline their importance. A dataset...     

Small-area estimation in the presence of area-level correlated responses

The Fay-Herriot area-level model for correlated response data is augmented with a between-groups-of-domains effect. Correlated-response parameters of small-area estimates no longer need the assumption of spatial contiguity. A simulation shows that area-level correlated-response observations increase the efficiency of the estimates, but do not reduce the biases.     

Measuring the Behavioural Component of the S&P 500 and its Relationship to Financial Stress and Aggregated Earnings Surprises

Scholars in management and economics have shown increasing interest in isolating the behavioural dimension of market evolution. Indeed, by improving forecast accuracy and precision, this exercise would certainly help firms to anticipate economic fluctuations, thus leading to more profitable business and investment strategies. Yet, how to extract the behavioural component from real market data remains an open question. By using monthly data on the returns of the constituents of the S&P 500 index, we propose a Bayesian methodology to measure the extent to which market data conform to what is predicted by prospect theory (the behavioural perspective), relative to the (standard) subjective expected utility theory baseline. We document a significant behavioural component that reaches its peaks during recession periods and is correlated to measures of financial volatility, market sentiment and financial stress with expected sign. Moreover, the behavioural component decreases around macroeconomic corporate earnings news, while it reacts positively to the number of surprising announcements.