Some points below for the session on personality and economics.
1. What is personality? (see e.g. page 1 - 6 Heckman: Integrating Personality into Economics). Why have economists become interested in looking at personality?
2. How is personality measured? (see e.g. 6-10 in Becker et al; pages 3-4 in identification paper). What is the relationship between personality and the idea of non-cognitive skills?
3. What is the relationship theoretically between personality and economic preferences? (see Borghans et al; Becker et al).
4. What is the empirical relation between economic preferences and personality measures? (see Daly et al; Becker et al; Anderson et al)
5. What are the main econometric issues with using personality measures in economic models of behaviour? (see Heckman 2011; and Borghans paper on Identification problems).
6. What are the potential policy implications and main areas for future development?
Reading List:
Almlund, Duckworth, Heckman, & Kautz (2011), Personality Psychology and Economics, IZA Discussion Papers
Becker, Deckers, Dohmen, Falk & Kosse (2012), The Relationship Between Economic Preferences and Psychological Personality Measures, IZA Discussion Paper
Borghans, Duckworth, Heckman & ter Weel (2008), The Economics and Psychology of Personality Traits, Journal of Human Resources
Borghans, Golsteyn, Heckman & Humphries (2011), Identification Problems in Personality Psychology, IZA Discussion Papers
Daly, Delaney & Harmon (2009), Psychological and Biological Foundations of Time Preference, Journal of the European Economic Association
Heckman (2011), Integrating Personality Psychology into Economics, NBER Working Papers
Anderson, Burks, DeYoung & Rustichini (2011), Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic Behavior, Working Paper
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