In Search of the Underlying Mechanism of the Disposition Effect

Using comprehensive data from the Finnish stock market, we assess the explanatory value of the three most commonly cited explanations for the disposition effect: prospect theory, belief in mean reversion, and escalation of commitment. In general, the results provide evidence for the presence of the disposition effect. More importantly, the effect appears to be significantly more pronounced when investors are personally responsible for the initial investment decision. This finding suggests that investor behavior is influenced above all by self‐justificatory concerns, an interpretation that is consistent with the escalation of commitment‐based explanation of the disposition effect. Copyright © 2011 John Wiley & Sons, Ltd.     

Learning and development of embodied numerosity

Recent empirical evidence indicates that seemingly abstract numerical cognitions are rooted in sensory and bodily experiences. In particular in finger counting finger-based representations reflect a specific case of embodied cognition, we termed embodied numerosity. Furthermore, we suggest that finger-based representations should be considered a distinct representation of number (magnitude) and argue that this representation is activated automatically whenever we encounter a number. We discuss in what way such a theoretical framework can account for the associations of fingers and numbers observed so far. In the final part, we evaluate whether the concept of embodied numerosity should be generalized beyond finger-based representations with particular focus on whether bodily-sensory experiences (such as moving the whole body along the mental number line) may corroborate numerical capabilities. In a series of intervention studies, we consistently observed more pronounced training effects for our embodied numerosity trainings for different age groups, different digital media, different number ranges, and different control conditions. Taken together, we conclude that embodied representations of number (magnitude) exist, are not limited to finger-based representations, and influence number processing in a systematic and functional way that can be used to foster the efficiency of numerical trainings.     

The bilingual lexicon: Modality effects in processing

In this article the effects of modality on the processing in the bilingual lexicon will be explored. Therefore, two parallel repetition priming experiments were conducted, an auditory and a visual one. The subjects were Dutch-English bilinguals. They had to perform a lexical decision task. There were two types of stimuli: cognates and noncognates. The results indicated that there are no processing differences between the auditory and the visual modalities. Furthermore, in both experiments interlingual repetition priming was found for both cognates and noncognates. The implications of these results for the influence of the factor proficiency level are discussed.     

Practices of Responsible Research and Innovation: A Review

Science and Engineering Ethics - This paper presents results of a systematic literature review of RRI practices which aimed to gather insights to further both the theoretical and practical...     

Investors versus Workers: A Class-Based Critique of International Investment Treaties

Bilateral investment treaties constitute an important instrument to facilitate global investment. Recent discussions in political theory have highlighted several normative concerns raised by bilateral investment treaties. One worry is that investment treaties undermine national self-determination as they grant investors far-reaching protections that can be legally enforced. Another worry is that the benefits and burdens entailed in bilateral investment treaties are distributed unfairly in a way that benefits investors at the expense of states and disadvantaged groups within states. Instead of critiquing bilateral investment treaties from a perspective of global (distributive) justice, in this article I develop a class-based critique. This involves a twofold departure. First, the article shifts the focus from distributions to the power relations that are built into the global capitalist economy and that come into sharp relief in the practice of global investment. Second, rather than focusing on the relation between states and investors, I claim that in a class-based critique the relation between workers and investors should take centre stage. I argue that bilateral investment treaties are effectively an instrument of class domination, insofar as they reproduce and increase the power of transnational corporations while at the same time decreasing the power of workers.     

Interpersonal relationships moderate the effect of faces on person judgments

Previous research suggests that people form impressions of others based on their facial appearance in a very fast and automatic manner, and this especially holds for trustworthiness. However, as yet, this process has been investigated mostly in a social vacuum without taking interpersonal factors into account. In the current research, we demonstrate that both the relationship context that is salient at the moment of an interaction and the performed behavior are important moderators of the impact of facial cues on impression formation. It is shown that, when the behavior of a person we encounter is ambiguous in terms of trustworthiness, the relationship most salient at that moment is of crucial impact on whether and how we incorporate facial cues communicating (un)trustworthiness in our final evaluations. Ironically, this can result in less positive evaluations of interaction partners with a trustworthy face compared to interaction partners with an untrustworthy face. Implications for research on facial characteristics, trust, and relationship theories are discussed. Copyright © 2008 John Wiley & Sons, Ltd.     

Attachment in foster children associated with caregivers' sensitivity and behavioral problems

This study focused on attachment of foster children by examining factors associated with attachment relationships of children raised from birth by the same parents. The sample included 61 children between 26 to 88 months of age and their foster caregivers. Attachment security and caregiver sensitivity were coded on the basis of, respectively, a home‐observation (Attachment Q‐Set) and a laboratory procedure (Three boxes). Other measures included caregiver reports of child externalizing and internalizing behavior problems and symptoms of attachment disorder, including inhibited and disinhibited attachment as well as secure base distortions. For a subsample of children, teacher ratings of behavior problems also were available. Foster parent sensitivity was positively associated with attachment security, but only if symptoms of disordered attachment were partialled out. Symptoms of inhibited and disinhibited attachment as well as secure base distortions were positively related to parent reports of externalizing and internalizing behavior problems whereas attachment security was negatively related to teacher reports of externalizing behavior problems. Attachment theoretical tenets appeared valid with foster parent–child relationships, except for children with symptoms of attachment disorder.     

The recognition of reduced word forms

This article addresses the recognition of reduced word forms, which are frequent in casual speech. We describe two experiments on Dutch showing that listeners only recognize highly reduced forms well when these forms are presented in their full context and that the probability that a listener recognizes a word form in limited context is strongly correlated with the degree of reduction of the form. Moreover, we show that the effect of degree of reduction can only partly be interpreted as the effect of the intelligibility of the acoustic signal, which is negatively correlated with degree of reduction. We discuss the consequences of our findings for models of spoken word recognition and especially for the role that storage plays in these models.     

Narcissism,sexual refusal,and aggression: testing a narcissistic reactance model of sexual coercion

Laboratory analog studies investigated the theory that narcissism and reactance contribute to causing rape. In Study 1, narcissism correlated positively with rape-supportive beliefs and negatively with empathy for rape victims. In Study 2, narcissists reported more enjoyment than other men of film depictions that presented consensual, affectionate activity followed by rape (but not in response to either affection or rape alone). In Study 3, narcissists were more punitive than other men toward a female confederate who refused to read a sexually arousing passage aloud to them.