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dc.contributor.authorBecker, Ankeen_US
dc.contributor.authorDeckers, Thomasen_US
dc.contributor.authorDohmen,Thomasen_US
dc.contributor.authorFalk, Arminen_US
dc.contributor.authorKosse, Fabianen_US
dc.date.accessioned2012-04-19en_US
dc.date.accessioned2012-04-27T10:44:33Z-
dc.date.available2012-04-27T10:44:33Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/57652-
dc.description.abstractAlthough both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus of control - are related. We analyze data from incentivized laboratory experiments and representative samples and find only low degrees of association between economic preferences and personality. We then regress life outcomes - such as labor market success, health status and life satisfaction - simultaneously on preference and personality measures. The analysis reveals that the two concepts are rather complementary when it comes to explaining heterogeneity in important life outcomes and behavior.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Behavioural Economics 3785en_US
dc.subject.jelC91en_US
dc.subject.jelD01en_US
dc.subject.jelD80en_US
dc.subject.jelD90en_US
dc.subject.jelI00en_US
dc.subject.jelJ30en_US
dc.subject.jelJ62en_US
dc.subject.ddc330en_US
dc.subject.keywordrisk preferenceen_US
dc.subject.keywordtime preferenceen_US
dc.subject.keywordsocial preferencesen_US
dc.subject.keywordlocus of controlen_US
dc.subject.keywordBig Fiveen_US
dc.titleThe relationship between economic preferences and psychological personality measuresen_US
dc.typeWorking Paperen_US
dc.identifier.ppn690250258en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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