IDEAS home Printed from https://ideas.repec.org/a/zib/zbimcs/v1y2018i1p1-5.html
   My bibliography  Save this article

A Study On The Correlation Of Labor Job Searching Behaviors By Asymmetric Information Psychological Errors

Author

Listed:
  • Wang Lai-Wang

    (Associate Professor, Department of Industrial Engineering Management National Kaohsiung University of Science and Technology, Taiwan)

  • Chen Chiu-Hsiung

    (Ph D. Student, Department of Industrial Engineering Management National Kaohsiung University of Science and Technology, Taiwan)

  • Wu, Cheng-Chung

    (Associate Professor, Department of Finance Suqian College, China.)

Abstract

Unemployment rate in the world wide has been raised under the influence of the financial crisis. With the high unemployment rate, there are a large number of jobseekers in the current society,therefore, this study is aimed at job seekers, hoping to understand the impact of job search behavior by the asymmetric information psychological errors. This study investigates and analyzes demographic variables, asymmetric information psychological errors and job-hunting behaviors, it found that different age, gender, education and marriage have significant differences in asymmetric information psychological errors. In job research, the statistical test results of regression models show that, uncertainty in risk, optimism, and the herd behavior on job-searching behavior were positively correlated. The study found that the uncertainty of the size of the risk will affect the behavior of job-seekers, when the greater job risk, job seekers are still willing to fight in a contrarian environment; at the time of job search, the level of optimism will affect judgment of job seekers in the choice of work. They will easier to find a job, willing to accept all kinds of industries and hold a positive attitude, but when they choose the job, they will regret due to lack of thinking; they also would easy to affect by the colleagues or environment, easy to follow the advisement when searching the job, most of them are introduced by acquaintances or follow in the footsteps of the colleagues. This study attempts to understand the impact on job searching behavior of asymmetric information psychological errors which from job-seekers’ decision-making in face of various decisions, to provide reference for job seekers in the future.

Suggested Citation

  • Wang Lai-Wang & Chen Chiu-Hsiung & Wu, Cheng-Chung, 2018. "A Study On The Correlation Of Labor Job Searching Behaviors By Asymmetric Information Psychological Errors," Information Management and Computer Science (IMCS), Zibeline International Publishing, vol. 1(1), pages 1-5, January.
  • Handle: RePEc:zib:zbimcs:v:1:y:2018:i:1:p:1-5
    DOI: 10.26480/imcs.01.2018.01.05
    as

    Download full text from publisher

    File URL: https://www.theimcs.org/download/2735/
    Download Restriction: no

    File URL: https://libkey.io/10.26480/imcs.01.2018.01.05?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Shefrin, Hersh & Statman, Meir, 1985. "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence," Journal of Finance, American Finance Association, vol. 40(3), pages 777-790, July.
    3. Richard H. Thaler & Eric J. Johnson, 1990. "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice," Management Science, INFORMS, vol. 36(6), pages 643-660, June.
    4. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 797-817.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chorvat, Terrence, 2006. "Taxing utility," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(1), pages 1-16, February.
    2. Darren Duxbury & Robert Hudson & Kevin Keasey & Zhishu Yang & Songyao Yao, 2013. "How prior realized outcomes affect portfolio decisions," Review of Quantitative Finance and Accounting, Springer, vol. 41(4), pages 611-629, November.
    3. Bowman, David & Minehart, Deborah & Rabin, Matthew, 1999. "Loss aversion in a consumption-savings model," Journal of Economic Behavior & Organization, Elsevier, vol. 38(2), pages 155-178, February.
    4. Hopfensitz, Astrid, 2009. "Previous outcomes and reference dependence: A meta study of repeated investment tasks with and without restricted feedback," MPRA Paper 16096, University Library of Munich, Germany.
    5. Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021. "Household Finance," Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
    6. repec:cup:judgdm:v:11:y:2016:i:5:p:424-440 is not listed on IDEAS
    7. Mujcic, Redzo & Powdthavee, Nattavudh, 2022. "How Do Humans Respond to Huge Financial Losses?," IZA Discussion Papers 15536, Institute of Labor Economics (IZA).
    8. Grinblatt, Mark & Han, Bing, 2001. "The Disposition Effect and Momentum," University of California at Los Angeles, Anderson Graduate School of Management qt6qg5d62p, Anderson Graduate School of Management, UCLA.
    9. Wang, Huijun & Yan, Jinghua & Yu, Jianfeng, 2017. "Reference-dependent preferences and the risk–return trade-off," Journal of Financial Economics, Elsevier, vol. 123(2), pages 395-414.
    10. Roongkiat Ratanabanchuen & Kanis Saengchote & Voraprapa Nakavachara & Thitiphong Amonthumniyom & Pongsathon Parinyavuttichai & Polpatt Vinaibodee, 2024. "The test of investors' behavioral bias through the price discovery process in cryptoasset exchange" Transactional-level evidence from Thailand," Papers 2406.02878, arXiv.org.
    11. Li An & Huijun Wang & Jian Wang & Jianfeng Yu, 2020. "Lottery-Related Anomalies: The Role of Reference-Dependent Preferences," Management Science, INFORMS, vol. 66(1), pages 473-501, January.
    12. Thorsten Hens & Martin Vlcek, 2006. "Does Prospect Theory Explain the Disposition Effect?," IEW - Working Papers 262, Institute for Empirical Research in Economics - University of Zurich.
    13. Schade, Christian & Schroeder, Andreas & Krause, Kai Oliver, 2010. "Coordination after gains and losses: Is prospect theory’s value function predictive for games?," Structural Change in Agriculture/Strukturwandel im Agrarsektor (SiAg) Working Papers 59524, Humboldt University Berlin, Department of Agricultural Economics.
    14. Menkhoff, Lukas & Nikiforow, Marina, 2009. "Professionals' endorsement of behavioral finance: Does it impact their perception of markets and themselves?," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 318-329, August.
    15. Scott B. Jackson & Paul A. Shoemaker & John A. Barrick & F. Greg Burton, 2005. "Taxpayers' Prepayment Positions and Tax Return Preparation Fees," Contemporary Accounting Research, John Wiley & Sons, vol. 22(2), pages 409-447, June.
    16. Martin Fochmann & Johannes Hewig & Dirk Kiesewetter & Katharina Schüßler, 2017. "Affective reactions influence investment decisions: evidence from a laboratory experiment with taxation," Journal of Business Economics, Springer, vol. 87(6), pages 779-808, August.
    17. Hsu, Yuan-Lin & Chow, Edward H., 2013. "The house money effect on investment risk taking: Evidence from Taiwan," Pacific-Basin Finance Journal, Elsevier, vol. 21(1), pages 1102-1115.
    18. Kremena Bachmann & Thorsten Hens, 2010. "Behavioral Finance and Investment Advice," Chapters, in: Brian Bruce (ed.), Handbook of Behavioral Finance, chapter 15, Edward Elgar Publishing.
    19. John Y. Campbell, 2000. "Asset Pricing at the Millennium," Journal of Finance, American Finance Association, vol. 55(4), pages 1515-1567, August.
    20. Martin Weber & Heiko Zuchel, 2005. "How Do Prior Outcomes Affect Risk Attitude? Comparing Escalation of Commitment and the House-Money Effect," Decision Analysis, INFORMS, vol. 2(1), pages 30-43, March.
    21. Rawley Heimer & Zwetelina Iliewa & Alex Imas & Martin Weber, 2025. "Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field," American Economic Review, American Economic Association, vol. 115(1), pages 330-363, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zib:zbimcs:v:1:y:2018:i:1:p:1-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zibeline International Publishing The email address of this maintainer does not seem to be valid anymore. Please ask Zibeline International Publishing to update the entry or send us the correct address (email available below). General contact details of provider: https://www.theimcs.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.