The Relationship between Economic Preferences and Psychological Personality Measures

摘要: Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts capture them. In this review we first analyze the extent which economic preferences psychological personality - such as Big Five locus control are related. We data from incentivized laboratory experiments representative samples find only low degrees association between personality. then regress life outcomes labor market success, health status satisfaction simultaneously on preference measures. The analysis reveals that two rather complementary when it comes explaining important behavior.