The persistence of cognitive biases in financial decisions across economic groups.

Autor: Ruggeri K; Department of Health Policy and Management, Columbia University, 722 W 168th Street, New York, NY, 10032, USA.; Centre for Business Research, Judge Business School, University of Cambridge, Cambridge, CB2 1AG, UK., Ashcroft-Jones S; Department of Experimental Psychology, University of Oxford, Oxford, UK. sarah.ashcroft-jones@queens.ox.ac.uk., Abate Romero Landini G; Department of Psychology, University of Padua, Via VIII Febbraio, 35122, Padua, PD, Italy., Al-Zahli N; Department of Computer Science, Columbia University, 500 W 120th Street, New York, NY, 10027, USA.; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Alexander N; Columbia University, 116th and Broadway, New York, NY, 10027, USA., Andersen MH; Department of Psychology and Behavioural Sciences, Aarhus University, Bartholins Allé 11, 8000, Aarhus, Denmark., Bibilouri K; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Busch K; German Center for Addiction Research in Childhood and Adolescence, University Medical Center Hamburg-Eppendorf, Martinistr 52, 20246, Hamburg, Germany., Cafarelli V; Department of Health Policy and Management, Columbia University, 722 W 168th Street, New York, NY, 10032, USA., Chen J; Department of Economics, Columbia University, 420 W 118th Street, New York, NY, 10027, USA., Doubravová B; Department of Psychology, Faculty of Social Studies, Masaryk University, Joštova 218/10, 60200, Brno, Czech Republic., Dugué T; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Durrani AA; Department of Health Policy and Management, Columbia University, 722 W 168th Street, New York, NY, 10032, USA., Dutra N; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Garcia-Garzon E; Department of Health, Universidad Camilo José Cela, Madrid, Spain., Gomes C; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Gracheva A; Department of Political Science, Columbia University, 420 W 118th Street, New York, NY, 10027, USA., Grilc N; Department of Life Sciences, University of Roehampton, Whitelands College, London, SW15 4JD, UK., Gürol DM; Department of Psychology, Koc University, 34349, Istanbul, Turkey., Heidenry Z; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Hu C; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Krasner R; Department of Psychology, Barnard College, Columbia University, 3009 Broadway, New York, NY, 10027, USA., Levin R; Department of Psychology, Barnard College, Columbia University, 3009 Broadway, New York, NY, 10027, USA., Li J; Department of Biological Sciences, Columbia University, 1212 Amsterdam Avenue, New York, NY, 10027, USA., Messenger AME; Department of Psychology, University of Stirling, Stirling, Scotland, FK9 4L, UK., Miralem M; Lund University, Lund, Sweden., Nilsson F; Department of Clinical Neuroscience, Division of Psychology, Karolinska Institutet, Solna, 171 77, Stockholm, Sweden., Oberschulte JM; Department of Psychology, Ludwig-Maximilians-Universität München, Munich, Germany., Obi T; Department of Public Administration, Columbia University, 420 West 118th Street, New York, NY, 10027, USA., Pan A; Department of Psychology, Barnard College, Columbia University, 3009 Broadway, New York, NY, 10027, USA., Park SY; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Pascu DS; Department of Developmental Psychology and Socialisation, University of Padua, Via Venezia 12, 35131, Padua, PD, Italy., Pelica S; Department of Social and Organizational Psychology, Iscte-University Institute of Lisbon, Avenida das Forças Armadas, 1649-026, Lisbon, Portugal., Pyrkowski M; SWPS University, Chodakowska 19/31, Warsaw, Poland., Rabanal K; Department of Cognitive Science, Columbia University, 116th & Broadway, New York, NY, 10027, USA., Ranc P; Department of Psychology, University of Ljubljana, Aškerčeva Cesta 2, 1000, Ljubljana, Slovenia., Mekiš Recek Ž; Department of Psychology, University of Ljubljana, Aškerčeva Cesta 2, 1000, Ljubljana, Slovenia., Symeonidou A; Department of Clinical Psychology, Leiden University, Wassenaarseweg 52, 2333 AK, Leiden, South Holland, The Netherlands., Tutuska OS; Department of Sociology, Columbia University, 606 W 122nd Street, New York, NY, 10027, USA., Vdovic M; Department of Psychology, Faculty of Media and Communications, Singidunum University, Karadjordjeva 65, Belgrade, 11000, Serbia., Yuan Q; Department of Psychology, Columbia University, 1180 Amsterdam Avenue, New York, NY, 10027, USA., Stock F; University of Cologne, Albertus-Magnus-Platz, 50923, Cologne, Germany.
Jazyk: angličtina
Zdroj: Scientific reports [Sci Rep] 2023 Jun 26; Vol. 13 (1), pp. 10329. Date of Electronic Publication: 2023 Jun 26.
DOI: 10.1038/s41598-023-36339-2
Abstrakt: While economic inequality continues to rise within countries, efforts to address it have been largely ineffective, particularly those involving behavioral approaches. It is often implied but not tested that choice patterns among low-income individuals may be a factor impeding behavioral interventions aimed at improving upward economic mobility. To test this, we assessed rates of ten cognitive biases across nearly 5000 participants from 27 countries. Our analyses were primarily focused on 1458 individuals that were either low-income adults or individuals who grew up in disadvantaged households but had above-average financial well-being as adults, known as positive deviants. Using discrete and complex models, we find evidence of no differences within or between groups or countries. We therefore conclude that choices impeded by cognitive biases alone cannot explain why some individuals do not experience upward economic mobility. Policies must combine both behavioral and structural interventions to improve financial well-being across populations.
(© 2023. The Author(s).)
Databáze: MEDLINE
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