Know when to fold 'em: The grit factor
Mostra el registre complet Registre parcial de l'ítem
- dc.contributor.author Alaoui, Larbi
- dc.contributor.author Fons-Rosen, Christian
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:09:44Z
- dc.date.available 2024-11-14T10:09:44Z
- dc.date.issued 2016-04-01
- dc.date.modified 2024-11-14T10:05:11Z
- dc.description.abstract This paper investigates the way different sides of grit inflence behavior. In addition to grit's upside in achieving economic success associated with not giving up, it might also have a downside associated with not letting go. We split grit into two new categories, tenacity and diligence, and hypothesize that tenacity can lead individuals to go beyond their own intended plan of action when making a loss. We test the predictions with an experiment that elicits each individual's plan of action which we compare to actual choice in a game of luck. Consistent with our priors, grittier individuals have a higher tendency to overplay, and tenacity alone captures the difficulty in respecting ex-ante preferences when this means accepting defeat. We then discuss the external validity of our findings.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1521
- dc.identifier.citation European Economic Review, 2021,103736, ISSN 0014-2921
- dc.identifier.uri http://hdl.handle.net/10230/26833
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1521
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword noncognitive skills; grit; tenacity; diligence.
- dc.subject.keyword Behavioral and Experimental Economics
- dc.subject.keyword Business Economics and Industrial Organization
- dc.subject.keyword Microeconomics
- dc.subject.keyword Labour, Public, Development and Health Economics
- dc.title Know when to fold 'em: The grit factor
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper