Journal of Economic Behavior & Organization (J ECON BEHAV ORGAN )

Publisher: Elsevier

Description

The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy's structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome. The journal is eclectic as to research method; systematic observation and careful description, simulation modeling and mathematical analysis are all within its purview. Empirical work, including controlled laboratory experimentation, that probes close to the core of the issues in theoretical dispute is encouraged.

  • Impact factor
    1.01
  • 5-year impact
    1.44
  • Cited half-life
    9.10
  • Immediacy index
    0.19
  • Eigenfactor
    0.02
  • Article influence
    1.16
  • Website
    Journal of Economic Behavior & Organization website
  • Other titles
    Journal of economic behavior & organization, Journal of economic behavior and organization
  • ISSN
    0167-2681
  • OCLC
    6974696
  • Material type
    Periodical, Internet resource
  • Document type
    Journal / Magazine / Newspaper, Internet Resource

Publisher details

Elsevier

  • Pre-print
    • Author can archive a pre-print version
  • Post-print
    • Author can archive a post-print version
  • Conditions
    • Pre-print allowed on any website or open access repository
    • Voluntary deposit by author of authors post-print allowed on authors' personal website, arXiv.org or institutions open scholarly website including Institutional Repository, without embargo, where there is not a policy or mandate
    • Deposit due to Funding Body, Institutional and Governmental policy or mandate only allowed where separate agreement between repository and the publisher exists.
    • Permitted deposit due to Funding Body, Institutional and Governmental policy or mandate, may be required to comply with embargo periods of 12 months to 48 months .
    • Set statement to accompany deposit
    • Published source must be acknowledged
    • Must link to journal home page or articles' DOI
    • Publisher's version/PDF cannot be used
    • Articles in some journals can be made Open Access on payment of additional charge
    • NIH Authors articles will be submitted to PubMed Central after 12 months
    • Publisher last contacted on 18/10/2013
  • Classification
    ​ green

Publications in this journal

  • [Show abstract] [Hide abstract]
    ABSTRACT: This study provides experimental evidence, using a large sample of 2,894 individuals recruited via business media websites, about the impact of demographic attributes within entrepreneurial teams on funding decisions by external capital providers. In previous work the role of diversity with regard to personal characteristics within entrepreneurial teams, such as education, gender and nationality was not clear. Specifically, we focus on task-oriented (e.g., education, experience) and relations-oriented (e.g., age, nationality) dimensions of diversity. The participants of our experiment had to decide on providing early-stage funding to a team of start-up managers whereas the diversity of these teams varied across treatment groups. We find that task-oriented diversity is positively and significantly related to the willingness of respondents to provide capital. Interestingly, the same applies for relations-oriented diversity. This suggests social capital of an entrepreneurial team matters to a greater extent to funding decisions of external investors than the behavioral integration of the team's human capital. Entrepreneurial teams must therefore carefully balance the social costs of non-task-related diversity and the access to financial resources.
    Journal of Economic Behavior & Organization 01/2015;
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    ABSTRACT: We examine the consequences of Representative Bias in the cross-sectional dimension using individual-level lottery data from over 28,000 players.•Lottery players over-selected number combinations which were highly representative of the underlying uniform distribution, while under-selecting non-representative number combinations.•The bias incurs an expected cost to gamblers under the pari-mutuel lottery structure.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We examine the effect of managerial success on the decision to optimally renew a manager's employment contract.•We consider a setting that features uncertainty with respect to a manager's ability as well as moral hazard.•A history of success increases the expected ability of the manager and makes reappointing him attractive. But a history of success is also associated with high (endogenous) wealth and makes it hard to motivate the manager going forward.•We can show that it is most attractive to employ successful managers if managerial effort is either very important or hardly matters at all.•Our results are consistent with a large empirical literature that finds no clear relationship between success and tenure of CEOs.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: Learning may lead to divergent paths where forecasts do not improve•Agents are likely to question the validity of their model and may modify aspects of it•We study stability properties of a divergent economy where the agent trans- form the state variable•Differencing and detrending the data do not help to achieve stability•Inverting the data may have a stabilizing effect
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We study the association between smoking status and individual decisions, focusing on outcomes in the domain of personal finance. The study draws information on demographic variables, various financial outcomes including individual credit scores, time and risk preferences, and personality traits, from both population data and experimental data. The results suggest that smokers make poor decisions and experience worse outcomes with personal finances vis-à-vis non-smokers. This relationship is robust to controlling for a myriad of variables, including characteristics that are known to be correlated with smoking. Thus, smoking status contains more precise information about individuals that are not fully captured by available noisy economic and psychological measures. Since available estimates of personality traits have substantial measurement error, smoking status may effectively capture residual information.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We investigate the gender differences in behavioral problems and school outcomes.•We examine whether children from low-resource families are affected differently.•We analyze whether parents and teachers evaluate children differently.•We find a negative association between externalizing behavior and school outcomes.•For children with behavioral problems there are no gender differences in school outcomes.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We report results from a large-scale field experiment on children.•We study patience, commitment take-up and self-control in a consumption task.•We find a large demand for a commitment device which restricts future choices.•More patient children are more likely and hypobolics are less likely to commit.•Successful students that did not commit exhibit less self-control problems.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: While experimental research on social dilemmas focuses on the distribution of gains, we analyze social preferences in the case of losses. In this experimental study, the participants share a loss in a Nash bargaining game, but waiting time, instead of monetary losses, serves as an incentive. Further, we assume that the participants prefer less, rather than more, waiting time. Our experiment consists of four versions of the Nash bargaining game to allow for a comparison of four classical negotiation concepts (Nash, equal loss, equal gain, and Kalai-Smorodinsky) and an equal split of the overall waiting time. Our experimental evidence shows that an equal split better predicts the outcome of a Nash bargaining game involving losses than classical concepts do. Furthermore, the findings support that the participants resort to equal splits at the cost of their overall welfare.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We study deception choices, the self-selection of capable and less capable deceivers and deception detection in a tax compliance experiment. We find large systematic differences between whether subjects are perceived as honest or as dishonest. Taxpayers are seemingly aware of these perceptions. The empirical outcomes are in line with a theory suggesting that taxpayers make their tax compliance choices on the basis of these perceptions. Taxpayers who are perceived as honest self-select since they are more likely to underreport. This selection effect is stronger if the fines for underreporting are high.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We test separability of economic incentives and social preferences.•We study experimentally fixed-prize contests.•We find causal evidence of non-separability.•Economic incentives negatively affect pro-social behavior.•Social preferences matter for incentive mechanisms.
    Journal of Economic Behavior & Organization 11/2014;
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    ABSTRACT: We examine the relationship of intertemporal choice and risk preferences with altruism within seven to eleven year old children.•We examine further determinants of altruistic behavior such as age, gender, socio economic background, IQ and siblings.•We report a significant, but nonlinear influence of risk and time preferences on altruistic behavior.•We confirm previous findings within the literature that altruism increases with age, girls are more altruistic than boys and having older brothers makes subjects less altruistic.•We use experimental tasks to elicit altruism, risk and time preferences.
    Journal of Economic Behavior & Organization 10/2014;
  • Journal of Economic Behavior & Organization 10/2014;
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    ABSTRACT: Lottery risk-preference significantly correlates with forecast optimism.•The correlations sustain when macro-expectations and demographics are accounted.•Win-chance optimism does not mediate the correlations.•The link dissolves when numeric anchors are provided.•Lottery-choice can be used for diagnosing susceptibility to unrealistic optimism.
    Journal of Economic Behavior & Organization 10/2014;
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    ABSTRACT: In this paper we investigate the economic dynamics of a seven-equation model of the business cycle. The main distinctive features of the model are related to: a) the role played by the public sector in redeploying income between workers and capitalists, since it is assumed that the bargaining power of the two classes affects tax rates and transfers levied upon them; b) the influence that past events have on the agents’ current behavior, with particular regard to consumption patterns; c) the specification of firms’ investment function, which incorporate Keynesian and Harrodian elements by assuming that investments are a function of both the difference between interest and profit rate and the discrepancy between actual and desired capital to output ratio. Since all these assumptions imply a possible balance sheets disequilibrium, particular regard is dedicated to the analysis of macroagents’ debt dynamics. Special emphasis is placed on the analysis of the destabilization of equilibria via Hopf bifurcations, which leads to the emergence of an interesting and rich cyclical dynamics.
    Journal of Economic Behavior & Organization 10/2014;
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    ABSTRACT: We present a new experimental design to test whether the endowment effect exists for exchange goods, like money. We compare three groups to a baseline: one endowed with money, one endowed with chocolate coins, and one endowed with chocolate coins described as “tokens.” We find an endowment effect for chocolate coins, but no endowment effect for money or for chocolate coins when they are described as tokens. The results suggest that the endowment effect does not exist for exchange goods.
    Journal of Economic Behavior & Organization 10/2014;
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    ABSTRACT: We empirically investigate whether increases in the U.S. Securities and Exchange Commission's (SEC) budget have an effect on firms’ compliance behavior with securities market rules. Our study uses a dataset on the SEC's resources and its enforcement actions over a period beginning shortly after the Second World War and ending in 2010. We find that increases in the SEC's resources both improve compliance and lead to an increased activity level of the SEC. The higher level of compliance is reflected by a decrease in the numbers of enforcement cases. The increased activity level is reflected by a surge in the number of investigations conducted by the SEC.
    Journal of Economic Behavior & Organization 10/2014;
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    ABSTRACT: This paper proposes a theory of competition and customization. When firms allocate their production to both custom-made and standardized products, the fraction of sales from the former will increase in the face of increased competition. Recent surveys conducted by the World Bank on Chinese firms provide a rare direct measure of customization that allows us to test the above-mentioned prediction. We find empirical results consistent with the prediction.
    Journal of Economic Behavior & Organization 10/2014; 106:10–28.