(Sub) Optimality and (non) optimal satisficing in risky decision experiments

We implement a risky choice experiment based on one-dimensional choice variables and risk neutrality induced via binary lottery incentives. Each participant confronts many parameter constellations with varying optimal payoffs. We assess (sub)optimality, as well as (non)optimal satisficing by eliciting aspirations in addition to choices. Treatments differ in the probability that a binary random event, which are payoff—but not optimal choice—relevant is experimentally induced and whether participants choose portfolios directly or via satisficing, i.e., by forming aspirations and checking for satisficing before making their choice. By incentivizing aspiration formation, we can test satisficing, and in cases of satisficing, determine whether it is optimal.     

EU Integration and the Transformation of Post‐communist Welfare: Traversing a ‘Quantum Leap’?

While many academic accounts treat post‐communist Europe as just another site of Europeanization with an emphasis on ‘adaptation’ and ‘learning’, this article argues that EU integration and the transformation of post‐communist Europe is a much more complex, volatile and uncertain process; not so much one of adaptation but more a ‘quantum leap’, apparently bypassing the stage of a Keynesian regime. Post‐communist Europe is asked to join an EU agenda that has many features of what Jessop calls the ‘Schumpeterian Workfare Postnational Regime’ (SWPR). In that sense, EU integration of post‐communist welfare is not simply a ‘catch‐up’, it is a complex transformation process whereby, rather than EU Enlargement and Eastern Europe being seen as a threat to ‘Social Europe’, the EU imposes its own ‘social deficit’ and economic hegemony onto Eastern Europe.     

Supplier Strategies and Routines for Capability Development: Implications for Upgrading

This paper examines the strategies and routines adopted by small and medium-sized suppliers to develop capabilities that enable them to engage in upgrading, despite a precarious relational and institutional context. To this end, we investigate the strategic behaviour of two Bangladeshi garment manufacturers. Both started out as small suppliers for multinational enterprises (MNEs) and have eventually grown into micro-multinationals. The firms are involved in ‘tacit promissory contracting’ with their buyers, a specific form of international outsourcing relationship. The study adopts a multiple case study design that involves interviews with managers/owners of the firms. The analysis yields two key findings. Both firms have devised strategies and taken coherent routines involving actions to develop skills and motivation needed to perform appropriate functional activities (i.e. pre-production, production and post-production) as they embarked on different stages of upgrading. Furthermore, firms have designed routines to internalise the challenges originating from their relationships with their buyers and the institutional environment at the time that had the potential to affect their upgrading goals. The paper contributes to IB studies by highlighting how suppliers, even in a precarious context, can control their own strategies and routines, so as to develop capabilities that allow them to gradually redress the power imbalance between themselves and their buyers.     

Comprensión de nociones sobre organización social con niños y adolescentes mexicanos de nivel socioeconómico bajo

Resumen

El propósito del estudio fue identificar las tendencias evolutivas en la construcción de la representación de la organización social en relación con las nociones de pobreza-riqueza, estratificación y cambio social autoconceptualización, trabajo, contexto e instituciones sociales. Se realizaron entrevistas semiestructuradas sobre dichas nociones con una muestra de 90 escolares mexicanos de 6 a 15 años de nivel socioeconómico bajo. Los niños pequeños explicaron la organización social en función de factores aislados, individualistas o únicos, caracterizando las clases sociales en términos de atributos observables (dinero y posesiones). En la niñez media y adolescencia, aunque siguen preponderando las explicaciones individualistas, se incrementan gradualmente las basadas en la consideración de varios factores y en la intervención de acciones colectivas e instituciones sociales.     

Behavioral patterns and reduction of sub-optimality: an experimental choice analysis

This paper attempts to identify behavioral patterns and compare their average success considering several criteria of bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how individual participants respond to 15 randomly ordered portfolio choices, each of which is experienced twice. Treatments differ in (not) granting probability information and in (not) eliciting aspirations. Since in our setting neither other regarding concerns nor risk attitude matter and probability of the binary chance move is (optimal) choice irrelevant, categorizing decision types relies on parameter dependence and choice adaptations. We find that most participants reduce systematically sub-optimality when following the identified criteria.     

Rethinking motivational challenges amongst young adults on the margin

This article is concerned with how motivation to take an education can be stimulated in young adults who are on the margins of the labour market and educational system. It is widely accepted that young adults in such a position have motivational problems regarding education because of negative schooling experiences, interrupted education, absenteeism, etc. Despite this, in Europe, education is commonly proposed as the solution to the problem of the high proportion of 15–29 year-olds who are not in employment, education or training (NEET). This paradox of having to motivate young adults under pressure is the focus of the article. The article argues that there is a need to theoretically redefine motivation as a phenomenon linked to the individual to a more contextually embedded understanding of motivation as the result of a process between the young and their surroundings, opportunities and perspectives. The article presents a model with five motivational orientations suggesting a new perspective on re-motivating young adults on the margin of the labour market and educational system, while it also discusses the challenges connected to promoting a focus on motivation at a time when the liberalisation of education is increasingly central to the welfare state strategy.     

How cities shape refugee centres: ‘deservingness’ and ‘good aid’ in a Sicilian town

While scholars have devoted increasing attention to the dynamics at play within refugee centres, analyses have often been driven by the ‘exceptionality’ of these institutions, overlooking the ways in which what happens inside the centres is largely connected to what goes on outside of them. Building on ethnographic fieldwork in a Sicilian refugee centre and the surrounding town, this paper investigates the extent to which economic, historical and political configurations inform how local actors conceptualise aid and how they interact with refugees on a daily basis. Overall, the study found that both centre workers and the general population mobilise moral arguments that can only be understood in light of dynamics that are external to the centre itself. These findings ultimately point to the extent to which state-level dysfunctions influence popular images of what a ‘deserving’ refugee might look like as well as local understandings of the ‘right way’ of providing help.     

The explanatory and predictive power of non two-stage-probability theories of decision making under ambiguity

Representing ambiguity in the laboratory using a Bingo Blower (which is transparent and not manipulable) and asking the subjects a series of allocation questions, we obtain data from which we can estimate by maximum likelihood methods (with explicit assumptions about the errors made by the subjects) a significant subset of particular parameterisations of the empirically relevant models of behaviour under ambiguity, and compare their relative explanatory and predictive abilities. Our results suggest that not all recent models of behaviour represent a major improvement in explanatory and predictive power, particularly the more theoretically sophisticated ones.     

Women’s and men’s work,housework and childcare,before and during COVID-19

Review of Economics of the Household - Evidence from past economic crises indicates that recessions often affect men’s and women’s employment differently, with a greater impact on...