The Relative Importance of Personality,Financial Satisfaction,and Autonomy for Different Subjective Well-Being Facets

Abstract

Using a nationally representative sample (N?=?507) from Singapore, this study examined whether personality, financial satisfaction, and autonomy were important to subjective well-being (SWB), and how the importance of these predictors varied across different SWB facets—life satisfaction, happiness, positive feelings, and negative feelings. The findings indicated that neuroticism, financial satisfaction, and autonomy, were important predictors of happiness. Personality was most important for affective well-being (i.e., positive and negative feelings), whereas financial satisfaction was most important for life satisfaction. Specifically, neuroticism accounted for substantial variance in positive and negative feelings, and was the strongest correlate among the Big Five traits. In contrast, financial satisfaction explained most of the variance in life satisfaction. This highlights that the importance of well-being predictors depended on the facet of well-being examined. The findings suggest that residents in an affluent nation like Singapore do not emphasize only postmaterialist values (e.g., autonomy) and disregard materialist concerns (e.g., financial satisfaction). Though certain SWB facets (positive and negative affect) are largely influenced by dispositional factors, other facets (life satisfaction and happiness) are closely related to factors (e.g., financial satisfaction, autonomy) that may be affected by social policies. Policymakers can thus target those aspects to enhance people’s SWB.     

Seeing is not enough: manipulating choice options causes focusing and preference change in multiattribute risky decision‐making

We show that preferences depend on the attributes that can be directly manipulated when people need to integrate multiple sources of information because direct manipulation causes focusing bias. This effect appears even when all relevant information is simultaneously and explicitly presented at the time the decisions are made. Participants decided how much to save, what investment risk to take and observed the future financial consequences in terms of the mean and variability of the expected retirement income. Participants who manipulated only the future income distribution saved more and took less risk. This effect disappears when the risk‐related variables are removed, which indicates that task complexity is a mediator of such focusing effects. A more balanced trade‐off between the choice attributes was selected when all attributes were manipulated. However, when there is a dichotomy between manipulating versus observing choice attributes, then decisions were based mostly on the manipulated attributes. Copyright © 2008 John Wiley & Sons, Ltd.     

情绪能预测股市吗?

人类的非理性被经济学家Keynes视为是造成经济波动的主要原因, 而情绪是非理性行为的背后推动力之一。那么情绪是否与股票市场波动有关, 甚至预测股市波动？首先, 笔者从心理和神经生理角度出发, 尝试解释决策主体情绪、社会情绪是如何影响个体金融决策的。其次, 笔者将情绪与股市关系研究大致划分为投资者情绪与社会情绪研究。投资者情绪研究主要通过主观调查和客观市场指标构建情绪指标; 而近年来的社会情绪研究, 尤其是基于互联网平台的社会情绪研究, 为情绪与股市关系研究注入了新的活力。关于情绪与股市的关系问题远未定论, 情绪影响股市的内在机制也有待未来研究继续深化。而互联网大数据资源和信息技术在情绪与股市关系这一研究领域中, 将扮演越来越重要的角色。     

Adjusting to job demands: The role of work self-determination and job control in predicting burnout

This study examined the dynamic interplay among job demands, job control, and work self-determination in order to predict burnout dimensions. A three-way interaction effect was found between job demands, job control and work self-determination in predicting each dimension of burnout (emotional exhaustion, depersonalization, and personal accomplishment). Overall, results showed that job control moderates the unhealthy effects of job demands in predicting emotional exhaustion and depersonalization only for employees with high levels of work self-determination. In addition, job control increases the relation between job demands and the sense of personal accomplishment only for employees with high levels of work self-determination. These results are discussed in light of the Job Demand-Control model.     

Marital Status,Home Environments,and Family Strain: Complex Effects on Preschool Children's School Readiness Skills

The current study examined the complex associations among marital status, home environments, and family strain (i.e. income, maternal depressive symptoms, social support, and parenting stress), as they predict preschool children's pre‐academic and social skills at 36 and 54 months. Findings from the NICHD Study of Early Child Care and Youth Development (N = 897) showed that the home learning environment, which was significantly lower among single‐parent families, worked as a mediator to explain the relationship between single‐parent families and children's pre‐academic skills at 36 and 54 months. Additionally, parenting stress, which was significantly higher among single‐parent families, worked as a mediator to explain the relationship between single status and the home learning environment. Finally, moderation analyses showed that family income is important for improving the home social environment, and the home social environment is strongly associated with children's social skills in single‐parent families, but not in cohabiting families. Copyright © 2016 John Wiley & Sons, Ltd.     

Religiosity and Financial Crises in the United States

The farm crisis in the United States in the 1980s had profound effects on rural, agricultural regions of the country, but almost no impact on urban and suburban areas. At the same time, the 2007–2008 housing crisis impacted almost all metropolitan areas, but was much more deeply felt in certain states, such as California, Arizona, Nevada, and Florida. I use a difference‐in‐differences methodology and find that religiosity as measured by religious attendance, prayer frequency, and religious intensity increased significantly in areas impacted by the farm crisis for those who worked in agriculture, and by the housing crisis for those who worked in housing‐related industries. Chen describes increased religiosity in Indonesia following the 1998 financial crisis, and this article demonstrates a similar response to severe financial distress in the United States. This increase is not due to a lower opportunity cost of time, as those who are currently employed have higher levels of attendance than those who are not. I hypothesize that the increased religiosity results from religious institutions’ ability to provide public goods, both financial and emotional, in the form of community support.     

Managing financial conflicts of interest in clinical research

Upholding public trust in clinical research necessitates that human subjects be protected from avoidable harm and that the design, interpretation and reporting of research results be shielded from avoidable bias. On both counts, managing financial conflicts of interest is critically important, especially in the modern era when the opportunities for investigators to benefit personally from the commercialization of their intellectual property are overtly encouraged and rapidly expanding. Efforts are underway in the United States to provide more useful guidance to universities and medical schools for purposes of strengthening the oversight and management of financial conflicts of interest in clinical research. An earlier version of this paper was presented at an International Conference on “Conflict of Interest and its Significance in Science and Medicine” held in Warsaw, Poland on 5–6 April, 2002.     

The effect of perceived financial vulnerability on prosocial activity

Our research examines the effect of subjective financial vulnerability on prosocial activity. First, data from the European Survey of Health, Aging and Retirement (SHARE) revealed that higher assessment of one's financial vulnerability might be associated with prosocial motivation for social activities. Next, we manipulated participants' perception of their relative financial position compared to their peers and found that participants randomly assigned to the low financial position condition were more willing to volunteer than participants assigned to the high financial position condition. In Study 3, we manipulated participants' financial advantage. Participants who were disadvantaged in the experimental settings were more willing to volunteer and donate to charity compared to participants with financial advantage. In our final study, we examined willingness to donate to in‐group and out‐group help organizations and found that individuals of lower perceived financial standing may be motivated by the goal of increasing the strength of the social group, rather than by expectations of direct reciprocity. We also found that emotional distress mediates the relationship between perceived financial vulnerability and prosocial behavior. In line with earlier research illustrating that lower financial status promotes prosociality on an interpersonal level, we demonstrate that even momentary perception of relative financial disadvantage and vulnerability promotes prosociality in the broader social context.