Positive and negative recency effects in retirement savings decisions

Retirement savings decisions can be influenced by the fund composition of the retirement savings plan. In 2 experiments, strong composition effects were observed, with a larger percentage of resources being invested in stock funds when more stock than bond funds were offered. Although participants changed their allocations repeatedly, the opportunity to learn did not alter the composition effects. Learning processes led to positive and negative recency effects as well, providing evidence that allocations were strongly influenced by the recent performance of the different allocation options. Two learning models were tested to explain these learning processes. The first, a local adaptation learning model, assumes that people change their behavior on the basis of recent experience, whereas the second, a reinforcement learning model, assumes that decisions are made on the basis of the totality of accumulated experience. The local adaptation model was more accurate in predicting allocation decisions, in explaining positive and negative recency effects, and in showing why composition effects are not overcome by learning.     

Intelligence and religiosity: Within families and over time

We study the effect of intelligence (General Mental Ability) on religiosity using research designs that allow for stronger causal inferences compared to previous research in this area. First, we examine how between-siblings differences in intelligence are related to differences in their religiosity. Second, we examine how intelligence is related to changes in religiosity over time. The results of both designs suggest that intelligence has a strong negative effect on religiosity. In addition, our results also suggest that intelligence interacts with age in determining religiosity: the more intelligent the person, the stronger the negative effect of age on religiosity.     

Conviction,character and coping: religiosity and personality are both uniquely associated with optimism and positive reappraising

ABSTRACT

Optimism and positive reappraising seemingly mediate religiosity’s association with well-being. Yet past studies linking religiosity and cognitive coping typically use a bivariate design; thereby ignoring rival explanations. Given previous evidence that agreeableness and conscientiousness (personality traits that co-vary with optimism, positive reappraisal usage and religiosity) largely nullify the association between religiosity and social support, hierarchical regression modelling of cross-sectional survey data – Australia (N?=?195), Japan (N?=?931) and the USA (N?=?5999) – is employed to incrementally validate religiosity’s association with optimism and also positive reappraisals. Although religiosity remains a statistically significant predictor of these coping styles, including agreeableness and conscientiousness typically reduces the strength of association. These cross-cultural results lend weight to the hypothesis that religiosity is a potential, albeit small, influence on cognitive coping styles. Prospective research is now needed to establish whether changes in religiosity precede changes in coping as theorised.     

Trust and Trustworthiness of Christians,Muslims, and Atheists/Agnostics in the United States

Trust, a cornerstone of economic development, is promoted within religions. In a randomized controlled trial, we examine how trust and trustworthiness vary across religions (Christianity and Islam), religiosity, and atheists/agnostics in the United States. Three novel findings emerge. First, Christians are trusted more than Muslims and nonbelievers, which is due to a Christian ingroup bias––Christians trust Christians more than they trust Muslims and nonbelievers, while Muslims and nonbelievers trust all groups the same. Second, religiosity matters to trust. Religious people trust those of higher religiosity more, but only if they are of the same religion. In contrast, nonbelievers trust people of higher religiosity less. Third, trustworthiness among nonbelievers is somewhat lower than that of the religious, especially toward Christians. We speculate that the lower reciprocity originates in the prejudice toward nonbelievers. Our results may help explain discrimination against Muslims and nonbelievers, given that discrimination often originates in distrust.     

As Good as GOLD: Gram–Schmidt Orthogonalization by Another Name

Generalized orthogonal linear derivative (GOLD) estimates were proposed to correct a problem of correlated estimation errors in generalized local linear approximation (GLLA). This paper shows that GOLD estimates are related to GLLA estimates by the Gram–Schmidt orthogonalization process. Analytical work suggests that GLLA estimates are derivatives of an approximating polynomial and GOLD estimates are linear combinations of these derivatives. A series of simulation studies then further investigates and tests the analytical properties derived. The first study shows that when approximating or smoothing noisy data, GLLA outperforms GOLD, but when interpolating noisy data GOLD outperforms GLLA. The second study shows that when data are not noisy, GLLA always outperforms GOLD in terms of derivative estimation. Thus, when data can be smoothed or are not noisy, GLLA is preferred whereas when they cannot then GOLD is preferred. The last studies show situations where GOLD can produce biased estimates. In spite of these possible shortcomings of GOLD to produce accurate and unbiased estimates, GOLD may still provide adequate or improved model estimation because of its orthogonal error structure. However, GOLD should not be used purely for derivative estimation because the error covariance structure is irrelevant in this case. Future research should attempt to find orthogonal polynomial derivative estimators that produce accurate and unbiased derivatives with an orthogonal error structure.     

Alternative Schooling Strategies and the Religious Lives of American Adolescents

I analyze the effects of Catholic schooling, Protestant schooling, and homeschooling on adolescents' religious lives and test three mechanisms through which these schooling strategies might influence religiosity: friendship networks, network closure, and adult mentors. Data from Wave 1 of the National Survey of Youth and Religion suggest that Catholic schoolers attend religious services more frequently and value their faith more highly than public schoolers, but attend religious education classes and youth group less often. Protestant schoolers' involvement in their local congregation is similar to public schoolers', but their faith plays a more salient role in their life and they are more active in private religious activities. Homeschoolers do not differ significantly from public schoolers on any outcome considered. Moreover, friendship networks, network closure, and adult mentors play a very limited role in mediating the relationships between schooling strategies and adolescent religiosity. Interpretations of these findings are presented and discussed.     

Religiosity and Life Satisfaction: A Multi-dimensional Approach

In this paper we employ a unique data set of 413 adults and scrutinize over the linear and non-linear relationship of religious adherence to life satisfaction. The findings confirm the previous studies regarding the positive linear and curvilinear relationship between the uni-dimensional religiosity and subjective well-being. To deepen the understanding of the relationship between religiosity and subjective well-being, the authors make use of a multi-dimensional religiosity scale. Via dissecting religiosity into different dimensions, we show when life satisfaction is in negative, positive, linear and/or curvilinear relationship with religiosity. The empirical evidence shows that the relationships between the dimensions of religiosity on life satisfaction are non-linear. Specifically, we demonstrate that there exist non-linear relations of ideological and consequential dimensions of religiosity to life satisfaction.     

Evaluating Fund Performance by Compromise Programming with Linear‐Quadratic Composite Metric: An Actual Case on The CaixaBank in Spain

This paper proposes an additive measure on the basis of compromise programming to evaluate fund performance from multiple criteria, of which the most usual are profitability and risk. This proposal is motivated by the fact that compromise programming is a sound decision support model to obtain scores of alternatives by minimizing weighted distances to an ideal point, the weights reflecting the investor's preferences for the criteria. To define the distance objective function, the linear‐quadratic composite metric is used, which combines advantages of linear and non‐linear objective functions. A critical advantage of compromise programming for fund performance evaluation is that the model can be extended to more than two financial criteria while other measures currently used (either ratio‐based or leverage‐based measures) only consider two criteria, say, profitability and risk. In the application, three investor's profiles are defined, which involve different weighting systems and lead to different fund rankings. These rankings are compared with domination relationships, the latter formulating if a fund is dominated or non‐dominated by convex combinations of other funds. Numerical tables are provided with data, computational process and results, which are analysed. Copyright © 2012 John Wiley & Sons, Ltd.     

Survey Experiments on Candidate Religiosity,Political Attitudes,and Vote Choice

Because identification with and affect toward social groups is a primary heuristic for citizens, the social group profiles of candidates are important for electoral behavior. We focus on an increasingly important element of candidates’ social characteristics: their levels of religiosity and secularism. We argue that as religious groups and identities become structured less by what religion they are and more by how religious they are (or are not), candidate religiosity and secularism should condition the impact of political orientations such as partisanship and cultural policy attitudes on vote choice. Highly religious candidates should attract more support from Republicans and from cultural conservatives, while overtly secular candidates should appeal more to Democrats and cultural liberals. Using a survey experiment in which respondents evaluate a state legislative candidate with varying levels of religiosity and secularism, we find strong support for our argument.     

Do Religious Politicians Take Risks Differently? Evidence From Pakistan

Given popular religiosity, the presence of religious parties, and the politicization of religious issues, it is highly likely that politicians with varying levels of personal religiosity are active in politics. Yet, our knowledge of how politicians’ religiosity influences their political choices is still limited, particularly for developing countries. In this paper, I use data from a survey experiment fielded to Pakistani politicians in 2018 to study whether and how politicians’ personal religiosity influences their political risk preferences. Scholars debate whether religiosity is correlated with higher or lower risk aversion among citizens; however, no study has examined this relationship among politicians. I find that higher religiosity systematically predicts which politicians are more risk-averse and highly religious politicians’ decisions under uncertainty are inconsistent with expected utility maximization and prospect theory. These findings suggest that in contrast to existing assumptions of elite decision-making, politicians’ religiosity systematically influences their risk preferences and choices.     

Anxiety and Depression in Cancer Patients: The Association with Religiosity and Religious Coping

There is a lack of studies looking into religiosity and religious coping in cancer patient. In this cross-sectional study, we examined the religiosity using Duke University Religion Index, religious coping using Brief Religious Coping Scale, anxiety and depression based on Hospital Anxiety and Depression Scale among 200 cancer patients. The association between religiosity and religious coping with anxiety and depression was studied. The findings showed that subjects with anxiety or depression used more negative religious coping and had lower non-organization religiosity. Hence, measurements in reducing negative religious coping and encouraging religious activities could help to reduce psychological distress in cancer patients.     

Gendered Religiosity

This study uses measures of cognitive and expressive aspects of gender as a social identity from the General Social Survey to examine whether and how they relate to religiosity. I find that religiosity is clearly gendered, but in different ways for women and men. Consistent with the feminine-typing of religion in the Christian-majority context of the United States, gender expression is linked with more religiousness among women but not men. Consistent with religion being a sometimes patriarchal institution, those with more pride in being men are more religious. I conclude that religiosity is gendered, that degendering and secularization processes could go hand-in-hand, and that future research on gender differences in religiosity should further examine variation among women and among men.     

'To Whom Much Has Been Given...': Religious Capital and Community Voluntarism Among Churchgoing Protestants

Research on volunteering behavior has consistently found a positive relationship between religion and volunteering. Using a sample of churchgoing Protestants (N=1,738)from the Religious Identity and Influence Survey we examine the specific influences of religiosity, religious identity, religious socialization, and religious social networks on local volunteer activity in church programs and non-church organizations, as well as general volunteering tendencies. These influences are presented within the theoretical framework of religious capital. Logistic regression techniques were applied to determine the strength of the contribution of these influences while accounting for basic background factors. Findings suggest that churchgoing Protestants are influenced by all measures to some degree, but religiosity (specifically participation in church activities) remains the strongest influence. Significant religious influences overall are most pronounced within the context of church-related volunteering which suggests that churchgoing Protestants exhibit a strong sense of community identity through their local churches. A discussion of these results and their implications for volunteering follows.     

Examining a model of the relation between religiosity and suicidal ideation in a sample of African American and White college students

In this study, a model of certain aspects of religiosity, social support, and depressive symptomatology that would examine how African Americans may be, differentially, protected from suicide was proposed. Intrinsic religiosity was found to be negatively related to depressive symptoms which were positively related to suicide ideation in a sample of 459 college students. Though the model was expected to produce more robust results for African American compared to White students, we did not find this. Further investigation of religiosity and related phenomena (e.g., spirituality) are warranted across age, socioeconomic, and ethnic groups.     

Religiosity and Fear of Death: A Theory-Oriented Review of the Empirical Literature

Do religious people fear death more or less than those who are nonreligious? According to two theories, religiosity and fear of death should be inversely correlated. A third theory suggests that moderately religious persons should be more fearful than those who are extremely religious or nonreligious. Yet a fourth theory predicts that religiosity and fear of death should be positively correlated. Eighty-four studies were located in which pertinent findings have been presented, several of which reached more than one conclusion based on different definitions of religiosity. Overall, 40 studies provided findings supporting the conclusion that religiosity and fear of death are inversely correlated, nine supported a curvilinear relationship, 27 supported a positive correlation, and 32 indicated that no significant relationship exists between religiosity and fear of death. Chi square analyses of several features of these conflicting studies suggest that there is probably a modest negative correlation between religiosity and fear of death among persons who are at least modestly religious. However, when nonreligious individuals are sampled alongside those who are both moderately and extremely religious, the overall relationship shifts to being curvilinear, and possibly even positive, depending on the aspect of religiosity being assessed. The implications of these conclusions for the four theories are discussed.     

Mating competitors increase religious beliefs

It has been presumed that religiosity has an influence on mating behavior, but here we experimentally investigate the possibility that mating behavior might also influence religiosity. In Experiment 1, people reported higher religiosity after looking at mating pools consisting of attractive people of their own sex compared to attractive opposite sex targets. Experiment 2 replicated the effect with an added control group, and suggested that both men and women become more religious when seeing same-sex competitors. We discuss several possible explanations for these effects. Most broadly, the findings contribute to an emerging literature on how cultural phenomena such as religiosity respond to ecological cues in potentially functional ways.     

The religion paradox: if religion makes people happy, why are so many dropping out?

As we estimate here, 68% of human beings--4.6 billion people--would say that religion is important in their daily lives. Past studies have found that the religious, on average, have higher subjective well-being (SWB). Yet, people are rapidly leaving organized religion in economically developed nations where religious freedom is high. Why would people leave religion if it enhances their happiness? After controlling for circumstances in both the United States and world samples, we found that religiosity is associated with slightly higher SWB, and similarly so across four major world religions. The associations of religiosity and SWB were mediated by social support, feeling respected, and purpose or meaning in life. However, there was an interaction underlying the general trend such that the association of religion and well-being is conditional on societal circumstances. Nations and states with more difficult life conditions (e.g., widespread hunger and low life expectancy) were much more likely to be highly religious. In these nations, religiosity was associated with greater social support, respect, purpose or meaning, and all three types of SWB. In societies with more favorable circumstances, religiosity is less prevalent and religious and nonreligious individuals experience similar levels of SWB. There was also a person-culture fit effect such that religious people had higher SWB in religious nations but not in nonreligious nations. Thus, it appears that the benefits of religion for social relationships and SWB depend on the characteristics of the society.     

Cognitive style and religiosity: The role of conflict detection

Recent research has indicated a negative relation between the propensity for analytic reasoning and religious beliefs and practices. Here, we propose conflict detection as a mechanism underlying this relation, on the basis of the hypothesis that more-analytic people are less religious, in part, because they are more sensitive to conflicts between immaterial religious beliefs and beliefs about the material world. To examine cognitive conflict sensitivity, we presented problems containing stereotypes that conflicted with base-rate probabilities in a task with no religious content. In three studies, we found evidence that religiosity is negatively related to conflict detection during reasoning. Independent measures of analytic cognitive style also positively predicted conflict detection. The present findings provide evidence for a mechanism potentially contributing to the negative association between analytic thinking and religiosity, and more generally, they illustrate the insights to be gained from integrating individual-difference factors and contextual factors to investigate analytic reasoning.     

Gender,profession, and non‐conformal religiosity

Possible relations between gender, profession and non‐conformal religiosity are discussed, and patterns of religiosity are analysed among Danes in the social, educational, and health care (SEH) professions with a view to clarifying the role of gender versus that of profession in propagating non‐conformal religiosity. The data were taken from an interview study of the Danish Baha'i community and from the Danish part of the European Values Study (EVS). The conversion accounts of SEH professionals among the Danish Baha'is indicate a specific religious socialization in the SEH professional environment. The EVS data demonstrate that non‐conformal religiosity is much more prevalent among SEH professionals than among the rest of the population. Three to five times as many practised meditation, yoga, or healing, and belief in reincarnation was also more widespread. Regarding these indicators of non‐conformal religiosity, no differences were found between men and women in the SEH professions. For persons not in the SEH professions, indicators of both conformal and non‐conformal religiosity showed a higher prevalence among women than among men. This corroborates the hypothesis that the female‐dominated SEH professional environment exerts a strong socialization to non‐conformal religiosity, a socialization that may outweigh the general effect of gender.     

School Context and Ethnic Minority Adolescent Religiosity: A Longitudinal Study

Previous research has shown that ethnic school composition can have an impact on a number of outcomes for pupils. The influence ethnic school composition has on pupils’ religiosity, however, has not received much attention. Furthermore, the few previous studies that have examined this relationship have relied on cross‐sectional data, thus being unable to separate selection effects from causal effects. In this research note we use longitudinal data collected among pupils in the third (2011–2012) and sixth grade (2014–2015) of secondary schools in Flanders, the northern part of Belgium. We examine changes in religiosity among pupils using cross‐classified multilevel analyses. The results show that there is a positive impact of ethnic school composition on ethnic minority religiosity. This does not mean, however, that pupils become more religious in schools with a higher share of ethnic minority pupils. We rather see that a decline in religiosity among highly religious pupils is attenuated in schools with more ethnic minority pupils.