The Mediating Effect of Financial Motives in the Association between Entrepreneurial Experience and Subjective Well-Being: Evidence from Japan

This study investigates the relationship between entrepreneurial experience and subjective well-being. Using an original survey on subjective well-being, entrepreneurial experience, level of wealth (inferred from observed variables of income, cash, and assets), and personal attributes of 10,001 individuals in Japan, we examine the factors that mediate the association between entrepreneurial experience and subjective well-being. We measure entrepreneurial experience as an individual’s experience in funding, owning, and running a corporation. We consider the mediating effect of the level of wealth on subjective well-being because entrepreneurial well-being is associate with wealth derived from income, cash, and assets. Our results provide no significant evidence that individuals with entrepreneurial experience have higher subjective well-being. However, we find a positive indirect effect of entrepreneurial experience on subjective well-being through wealth and a negative indirect effect through debt. The findings of this study indicate the importance of considering the mediating effect of financial motives in entrepreneurial well-being.

     

A General Model of Preventive and Interventive Self‐Control

The field of self‐control has witnessed an unprecedented boom, not least due to the immense implications of successful and unsuccessful self‐control for people’s lives. However, successful and unsuccessful self‐control can take many different forms, and many conceptual problems have been raised as to what self‐control is about and how to best study it. Integrating different literatures, we provide a general model of self‐control which distinguishes between preventive (i.e., anticipatory) and interventive (i.e., momentary) forms of self‐control. The proposed Preventive‐Interventive Model (PI‐Model) of Self‐Control combines seven basic components: preventive strategies, desire, conflict, control motivation, volition, opportunity constraints, and behavior enactment. The resulting taxonomy helps to distinguish self‐control from standard motivational processes, to define the concept of temptation, and to identify different types of self‐control failure including self‐monitoring failure, motivational self‐control failure, and volitional self‐control failure. Further, the model helps to outline five broad mechanisms through which people may be able to proactively boost self‐control success.     

The Thatcher illusion in squirrel monkeys (Saimiri sciureus)

Like humans, Old World monkeys are known to use configural face processing to distinguish among individuals. The ability to recognize an individual through the perception of subtle differences in the configuration of facial features plays an important role in social cognition. To test this ability in New World monkeys, this study examined whether squirrel monkeys experience the Thatcher illusion, a measure of face processing ability in which changes in facial features are difficult to detect in an inverted face. In the experiment, the monkeys were required to distinguish between a target face and each of the three kinds of distracter faces whose features were altered to be different from those of the target. For each of the pairs of target and distracter faces, four rotation-based combinations of upright and inverted face presentations were used. The results revealed that when both faces were inverted and the eyes of the distracter face were altered by rotating them at an angle of 180° from those of the target face, the monkeys' discrimination learning was obstructed to a greater extent than it was under the other conditions. Thus, these results suggest that the squirrel monkey does experience the Thatcher illusion. Furthermore, it seems reasonable to assume that squirrel monkeys can utilize information about facial configurations in individual recognition and that this facial configuration information could be useful in their social communications.