Economic Behavior Social Learning

Cover Economic Behavior Social Learning
Economic Behavior Social Learning
Sharone L Maital
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42 . 67 . 64 . 43 . 29 . 36 . 37 . 51 . 36 12 CO rs CO ->] rn o o o ^ 2. C O f:> NUMBER OF SUBJECTS CHOOSING AND AWAITING- DELAYED REV^ARDS ro o o 4^ o «iJ 3 9r ^' 8 6 c. \ --i \ ^ a H — -^- • t/) ^^ CO .. — 1 :j cn O "1 DJ ;ii j> 0. ~; C) X m :>:^:'"i 0"u &5S> P! - : ^.^ PI rn > ^ -I r. 5 oc^ /3 Actual waiting behavior was found to be more strongly correlated with achievement than delay preferences (see Table 4), suggesting that where possible, behavioral measures of time preference are a bet...ter predictor of delay-related behaviors than questionnaire-based preference measures.
Table 4. Pearson Correlations between Achievement, Waiting Behavior and Delay Preference, Ages 13-14 (1975) Waiting Delay Behavior Preference Achievement Variable: Vocational Aptitude -0. 30 -0. 29 Ravens Matrix -0. 26 -0. 14 Verbal Achievement -0. 22 -0. 19 Verbal/Nonverbal Aver. -0. 27 -0. 18 Future School Choice +0. 34 -0. 08 (l=vocational; 0=academic) Studies by Nisan and Koriat (1977) and Toner, Holstein and Hetherington (1977) indicate that choice of delayed rewards and maintained delay behavior were relatively independent, among young children.


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