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Toward the integration of personality theory and decision theory in explaining economic behavior: An experimental investigation

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  • Rustichini, Aldo
  • DeYoung, Colin G.
  • Anderson, Jon E.
  • Burks, Stephen V.

Abstract

Economics and trait-based personality psychology have taken different approaches to understanding individual differences. The former emphasizes variables measured according to formal decision theory; the latter instead emphasizes variables derived from the factor analysis of trait assessments.

Suggested Citation

  • Rustichini, Aldo & DeYoung, Colin G. & Anderson, Jon E. & Burks, Stephen V., 2016. "Toward the integration of personality theory and decision theory in explaining economic behavior: An experimental investigation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 64(C), pages 122-137.
    • Handle: RePEc:eee:soceco:v:64:y:2016:i:c:p:122-137
    DOI: 10.1016/j.socec.2016.04.019
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    More about this item

    Keywords

    Personality theory; Decision theory; Strategic behavior; Job performance; Heavy truck accident; Truckload; Turnover; Trucker;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments

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