Values,decision-making,and the rich life

Young people increasingly take only one value seriously in making decisions about careers, that of salary levels. They should understand that there are many values which need to be weighed in making decisions about employment. Given the present milieu, it may prove effective to use language which describes these other, nonmonetary values as contributors to the “rich lifer”     

Risk-taking, attitudes toward aggression, and aggressive behavior among rural middle school youth

This study examined the relationship between risk-taking, general acceptance of aggression (GAA), verbal harassment (VH), and aggressive behavior (AB) in the last 30 days among 1440 seventh- and eighth-grade rural middle school youth. Higher levels of risk-taking predicted higher GAA and VH. Significant interactions for AB indicated that, excepting Black youth, higher risk-taking was related to higher levels of violent behavior. Among Black youth the highest levels of AB occurred at moderate levels of risk-taking. Level of risk-taking is an important risk factor that should be taken into account in the study of attitudes toward aggression and aggressive behavior among rural youth.     

Loan performance and race

Recent studies find evidence of racial discrimination in mortgage markets. Although these studies explore loan approval rates for whites versus minorities, they do not specifically consider loan performance, either in the form of default rates or loan administration costs. This study considers discrimination in the used car credit market, where the collateral is not subject to location externalities, collateral value and quality do not vary as much as in real estate, and the loan terms are shorter. We find administration costs and default rates are higher for minorities than for whites, controlling for age, income, home ownership, wealth, occupation, loan terms, and geographic location.     

Peer Influence, Images of Smokers, and Beliefs about Smoking among Preadolescent Nonsmokers

The purpose of the current study was to test whether perceived peer influence is related to image of a typical smoker, and whether image of a typical smoker is associated with beliefs about the effects of smoking among preadolescent nonsmokers. Two hundred and ninety‐two preadolescents completed a survey indicating their perceptions of the prevalence and encouragement for smoking among peers, image of a typical smoker, beliefs about the social and physical consequences of smoking, and overall harm caused by smoking. Hypotheses were partially supported. Perceived peer influence was related to image of a typical smoker; image of a typical smoker was related only to the beliefs about harm caused by smoking. Results are discussed in terms of the cognitive mechanisms involved in the process of peer influence.     

New business development in mature firms

New business development (NBD) is one of the main strategic options for the ‘mature’ company. The authors discuss the reasons why NBD should be considered and suggest a framework for developing new businesses. The results of a two year investigation of a sample of 14 UK companies' NBD initiatives are presented. Half of the sample have either abandoned or are reducing their new business activities. The reasons are manifold and relate to a failure to define specifically the role of the NBD initiatives; a lack of appreciation of the risks, long time spans for development and the high financial commitment associated with NBD; a weakening of the mainstream business (this in itself suggesting that companies often leave NBD ‘too late’); and a naive approach toward marketing. Some lessons for mature companies' future involvement in NBD are drawn.