IDEAS home Printed from https://ideas.repec.org/p/zbw/ifwkwp/2127.html
   My bibliography  Save this paper

Mindfulness, preferences and well-being: Mindfulness predicts adolescents' field behaviour

Author

Listed:
  • Lima de Miranda, Katharina

Abstract

Mindfulness could influence economic and health related behaviour by bringing about increased and unbiased attention to the present moment, for example to a decision making process. This study explores the relationship between mindfulness and economic preferences, and consequently well-being, of adolescents. Comprehensive data of 525 German secondary school students were elicited and show no evidence for a strong linear or non-linear correlation between mindfulness and economic preferences. However, both mindfulness and preferences have explanatory power for adolescents' field behaviour and thus contribute to explaining variation in behaviour that may translate into serious health and economic consequences. In this regard, my findings indicate that the two concepts play rather complementary than substitutable roles, which implies that an integration of economic preferences and personality traits such as mindfulness may improve the analysis of potential sources of variation in life outcomes. As mindfulness reflects on a healthier lifestyle (less smoking and smaller BMI) and higher life satisfaction, the findings furthermore point into the direction that the development of mindfulness skills might help students to grow social-emotional capacities and increase physical and psychological well-being.

Suggested Citation

  • Lima de Miranda, Katharina, 2019. "Mindfulness, preferences and well-being: Mindfulness predicts adolescents' field behaviour," Kiel Working Papers 2127, Kiel Institute for the World Economy (IfW Kiel).
  • Handle: RePEc:zbw:ifwkwp:2127
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/196139/1/1664497412.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bart H.H. Golsteyn & Hans Grönqvist & Lena Lindahl, 2014. "Adolescent Time Preferences Predict Lifetime Outcomes," Economic Journal, Royal Economic Society, vol. 124(580), pages 739-761, November.
    2. Catherine C. Eckel & Philip J. Grossman, 2002. "Sex Differences and Statistical Stereotyping in Attitudes Toward Financial Risk," Monash Economics Working Papers archive-03, Monash University, Department of Economics.
    3. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde, 2010. "Are Risk Aversion and Impatience Related to Cognitive Ability?," American Economic Review, American Economic Association, vol. 100(3), pages 1238-1260, June.
    4. Matthias Sutter & Martin G. Kocher & Daniela Glätzle-Rützler & Stefan T. Trautmann, 2013. "Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior," American Economic Review, American Economic Association, vol. 103(1), pages 510-531, February.
    5. Lex Borghans & Angela Lee Duckworth & James J. Heckman & Bas ter Weel, 2008. "The Economics and Psychology of Personality Traits," Journal of Human Resources, University of Wisconsin Press, vol. 43(4).
    6. Lampi, Elina & Nordblom, Katarina, 2009. "Gender and birth-order differences in time and risk preferences and decisions," Working Papers in Economics 388, University of Gothenburg, Department of Economics, revised 30 Jun 2011.
    7. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2011. "Individual Risk Attitudes: Measurement, Determinants, And Behavioral Consequences," Journal of the European Economic Association, European Economic Association, vol. 9(3), pages 522-550, June.
    8. Michael Daly & Liam Delaney & Colm P. Harmon, 2009. "Psychological and Biological Foundations of Time Preference," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 659-669, 04-05.
    9. Anke Becker & Thomas Deckers & Thomas Dohmen & Armin Falk & Fabian Kosse, 2012. "The Relationship Between Economic Preferences and Psychological Personality Measures," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 453-478, July.
    10. Cárdenas, Juan-Camilo & Dreber, Anna & von Essen, Emma & Ranehill, Eva, 2012. "Gender differences in competitiveness and risk taking: Comparing children in Colombia and Sweden," Journal of Economic Behavior & Organization, Elsevier, vol. 83(1), pages 11-23.
    11. Stephan Meier & Charles Sprenger, 2010. "Present-Biased Preferences and Credit Card Borrowing," American Economic Journal: Applied Economics, American Economic Association, vol. 2(1), pages 193-210, January.
    12. Drazen Prelec, 2004. "Decreasing Impatience: A Criterion for Non‐stationary Time Preference and “Hyperbolic” Discounting," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(3), pages 511-532, October.
    13. James J. Heckman & Jora Stixrud & Sergio Urzua, 2006. "The Effects of Cognitive and Noncognitive Abilities on Labor Market Outcomes and Social Behavior," Journal of Labor Economics, University of Chicago Press, vol. 24(3), pages 411-482, July.
    14. Schildberg-Hörisch, Hannah & Deckers, Thomas & Falk, Armin & Kosse, Fabian, 2014. "How Does Socio-Economic Status Shape a Child's Personality?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100285, Verein für Socialpolitik / German Economic Association.
    15. 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.
    16. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
    17. Giovanni Bartolomeo & Stefano Papa, 2016. "Does collective meditation foster trust and trustworthiness in an investment game?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 63(4), pages 379-392, December.
    18. Melissa Osborne & Herbert Gintis & Samuel Bowles, 2001. "The Determinants of Earnings: A Behavioral Approach," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1137-1176, December.
    19. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
    20. Castillo, Marco & Ferraro, Paul J. & Jordan, Jeffrey L. & Petrie, Ragan, 2011. "The today and tomorrow of kids: Time preferences and educational outcomes of children," Journal of Public Economics, Elsevier, vol. 95(11), pages 1377-1385.
    21. Charness, Gary & Gneezy, Uri & Imas, Alex, 2013. "Experimental methods: Eliciting risk preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 87(C), pages 43-51.
    22. Steffen Andersen & Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutström, 2008. "Eliciting Risk and Time Preferences," Econometrica, Econometric Society, vol. 76(3), pages 583-618, May.
    23. Christopher Chabris & David Laibson & Carrie Morris & Jonathon Schuldt & Dmitry Taubinsky, 2008. "Individual laboratory-measured discount rates predict field behavior," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 237-269, December.
    24. Bettinger, Eric & Slonim, Robert, 2007. "Patience among children," Journal of Public Economics, Elsevier, vol. 91(1-2), pages 343-363, February.
    25. Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
    26. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lena Detlefsen & Andreas Friedl & Katharina Lima Miranda & Ulrich Schmidt & Matthias Sutter, 2024. "Are economic preferences shaped by the family context? The relation of birth order and siblings’ gender composition to economic preferences," Journal of Risk and Uncertainty, Springer, vol. 69(1), pages 1-31, August.

    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. Lena Detlefsen & Andreas Friedl & Katharina Lima de Miranda & Ulrich Schmidt & Matthias Sutter, 2018. "Are economic preferences shaped by the family context? The impact of birth order and siblings’ sex composition on economic preferences," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2018_12, Max Planck Institute for Research on Collective Goods.
    2. Lena Detlefsen & Andreas Friedl & Katharina Lima Miranda & Ulrich Schmidt & Matthias Sutter, 2024. "Are economic preferences shaped by the family context? The relation of birth order and siblings’ gender composition to economic preferences," Journal of Risk and Uncertainty, Springer, vol. 69(1), pages 1-31, August.
    3. Horn, Dániel & Kiss, Hubert János & Lénárd, Tünde, 2022. "Gender differences in preferences of adolescents: Evidence from a large-scale classroom experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 478-522.
    4. Daniel Horn & Hubert Janos Kiss, 2018. "Which preferences associate with school performance?—Lessons from an exploratory study with university students," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-32, February.
    5. Non, Arjan & Tempelaar, Dirk, 2016. "Time preferences, study effort, and academic performance," Economics of Education Review, Elsevier, vol. 54(C), pages 36-61.
    6. Backes-Gellner, Uschi & Herz, Holger & Kosfeld, Michael & Oswald, Yvonne, 2021. "Do preferences and biases predict life outcomes? Evidence from education and labor market entry decisions," European Economic Review, Elsevier, vol. 134(C).
    7. Schildberg-Hörisch, Hannah & Deckers, Thomas & Falk, Armin & Kosse, Fabian, 2014. "How Does Socio-Economic Status Shape a Child's Personality?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100285, Verein für Socialpolitik / German Economic Association.
    8. Chowdhury, Shyamal & Sutter, Matthias & Zimmermann, Klaus F., 2018. "Evaluating intergenerational persistence of economic preferences: A large scale experiment with families in Bangladesh," Discussion Papers 270848, University of Bonn, Center for Development Research (ZEF).
    9. Pablo Brañas-Garza & Diego Jorrat & Antonio M. Espín & Angel Sánchez, 2023. "Paid and hypothetical time preferences are the same: lab, field and online evidence," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 412-434, April.
    10. Zimmermann, Klaus F. & Chowdhury, Shyamal & Sutter, Matthias, 2020. "Economic preferences across generations and family clusters: A large-scale experiment," CEPR Discussion Papers 14998, C.E.P.R. Discussion Papers.
    11. Islam, Asad & Lee, Wang-Sheng & Nicholas, Aaron, 2021. "The Effects of Chess Instruction on Academic and Non-cognitive Outcomes: Field Experimental Evidence from a Developing Country," Journal of Development Economics, Elsevier, vol. 150(C).
    12. Dániel Horn & Hubert János Kiss, 2020. "Time preferences and their life outcome correlates: Evidence from a representative survey," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-26, July.
    13. Daniel Horn & Hubert János Kiss, 2017. "Which preferences associate with school performance? Lessons from a university classroom experiment," Budapest Working Papers on the Labour Market 1708, Institute of Economics, Centre for Economic and Regional Studies.
    14. Matthias Sutter & Michael Weyland & Anna Untertrifaller & Manuel Froitzheim & Sebastian O. Schneider, 2020. "Financial literacy, risk and time preferences – Results from a randomized educational intervention," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2023_03, Max Planck Institute for Research on Collective Goods.
    15. Matthias Sutter & Michael Weyland & Anna Untertrifaller & Manuel Froitzheim, 2020. "Financial Literacy, Risk and Time Preferences - Results from a Randomized Educational Intervention," CESifo Working Paper Series 8489, CESifo.
    16. Matthias Sutter & Michael Weyland & Anna Untertrifaller & Manuel Froitzheim & Sebastian O. Schneider, 2023. "Financial Literacy, Experimental Preference Measures and Field Behavior – A Randomized Educational Intervention," ECONtribute Discussion Papers Series 229, University of Bonn and University of Cologne, Germany.
    17. Fairley, Kim & Sanfey, Alan G., 2020. "The role of demographics on adolescents’ preferences for risk, ambiguity, and prudence," Journal of Economic Behavior & Organization, Elsevier, vol. 179(C), pages 784-796.
    18. Antonio Alfonso & Pablo Brañas-Garza & Diego Jorrat & Benjamín Prissé & María José Vázquez-De Francisco, 2024. "The Baking of Preferences throughout the High School," Working Papers 316, Red Nacional de Investigadores en Economía (RedNIE).
    19. Thomas, Ranjeeta & Galizzi, Matteo M. & Moorhouse, Louisa & Nyamukapa, Constance & Hallett, Timothy B., 2024. "Do risk, time and prosocial preferences predict risky sexual behaviour of youths in a low-income, high-risk setting?," Journal of Health Economics, Elsevier, vol. 93(C).
    20. Heckman, James J. & Jagelka, Tomáš & Kautz, Tim, 2019. "Some Contributions of Economics to the Study of Personality," IZA Discussion Papers 12753, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    time preference; risk preferences; mindfulness; personality; experiments with adolescents; subjective well-being;
    All these keywords.

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I20 - Health, Education, and Welfare - - Education - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:zbw:ifwkwp:2127. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .

    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.