Jump to Navigation
Home

Main menu

  • Home
  • News
  • Markets Map
  • Sentiments
  • Topics
  • Data
  • Comments
  • Images
  • Blog
  • About

Secondary menu

  • Latest News
  • Top Rated
  • Most Popular
  • Archive
  • Discussions
  • Bwin.Party Digital Entertainment's CEO Discusses Q1...
  • JPMorgan Appears to Avert Split in CEO/Chair Roles
  • Best Buy reports US sales drop
  • SkyWest picks Embraer over Bombardier for new jet order
  • Yahoo's Mayer Says Tumblr Could Get Its Own Ad...
  • Jamie Dimon Wins! [Report]
  • CCI to seek more info from CAG on spectrum auctions
  • Vote Nears at J.P. Morgan
  • Barcelona Is Ditching Its Ugly Creamsicle Jersey Next Year
  • Sprint Gets SoftBank Waiver to Consider Dish Offer

    Personality matters

    Mon, 04/11/2011 - 12:51 EDT - Stumbling and Mumbling
    • Comments

    If we want to improve the life chances of the worst-off, should we try and change their character?Two very different things suggest so. One is Jamie’s Dream School. The thing about the kids in this show is not that that they lack qualifications. It’s that they lack the personal characteristics that would get them qualifications - namely, the ability to sit still and shut up. It is the lack of these features that makes them unattractive to employers. Their lack of qualifications is just a symptom of the underlying problem, which is one of personality. What these kids need is not qualifications and skills, but the sort of personalities that would enable them to get such skills. This anecdotal evidence is supported by a huge, and hugely important, new paper by James Heckman and colleagues.They show that aspects of personality, such as conscientiousness, can influence earnings. This is largely because it influences educational achievement; they cite one study which suggests that a better predictor of test scores for ninth graders is self-control in the fourth grade rather than IQ then. But it might also matter directly. If  you’re, say, a shelf-stacker your earnings depend more  upon whether you turn up in the morning than upon your IQ and qualifications.Of course, the effect of personality upon earnings would not matter if personality were fixed. But it isn’t. We know that drugs and brain injuries significantly affect it. And there’s evidence that personality changes more from adolescence onwards than does IQ. If personality is changeable, then perhaps it is malleable by teaching or policy interventions.Perhaps those Victorian schoolmasters who obsessed over changing boys’ characters were onto something after all. And perhaps they knew more than today’s orthodox economists, who assume that personality is either fixed, or irrelevant, and so think only about incentives or nudges.Now, there are two big objections here. One is about practicality; what can teachers or parents do to improve conscientiousness? There’s much we don’t know here. But there is one thing that is known - that the Perry Preschool programme seems to have had huge long-lasting effects upon its subjects earnings, even though its impact upon their IQ was short-lived. This at least tells us where to look.However, 100% success is not necessary here (nor possible - correlations between personal traits and earning or educational attainment fall well short of unity). After all, conventional education fails tens of thousands of people, but we still spend billions upon it.The second objection is that there is something sinisterly totalitarian about policies to change personality. It’s redolent of Maoist self-criticism or Orwellian thought-control.I don’t want to deny this. I just want to suggest that there might be a trade-off between liberty on the one hand and economic efficiency on the other.

    • Original article
    • Login or register to post comments
     

    Related

    • Does personality matter?

      Does personality matter in economics? Two new papers suggest not, or at least not much. First, Julia Muller and Christiane Schwieren got people to play a trust game, in which one player (the trustor) is given some money and invited to choose how much to share with player 2, the trustee. Any gift is tripled, and the trustee then chooses how much to return.

    • Your Brain Scans Show Who You're Thinking About

      Scientists scanning the human brain can now tell whom a person is thinking of, the first time researchers have been able to identify what people are imagining from imaging technologies.

    • 4 reasons employees resist change

      As an entrepreneur, your challenge is to create, re-create, and move ahead. In doing so, you have to appreciate that, while you’re charging full steam ahead, others may be a bit more cautious, or even fearful, about the change you’re trying to create. As a pragmatic leader, you need to understand why others resist your ideas. That means focusing not just on where you want to go but also on the hesitations of others. In order to successfully lead change, you have to create an environment of safety for those who would support you. To do this, you must:

    • Chinese father ordered virtual assassination of video game-obsessed son

      When his adult son struggled in school, refused to get a job and instead spent hours getting video games, one father in China took extreme measures: He had his son’s online avatars assassinated. “Mr. Feng” hired online attackers to target his son Xiao Feng’s characters every time he went online to play video games, hoping the 23-year-old would get bored and find a more productive way to spend his time, Kotaku East reports.

    • Trading Caps and Gowns for Mops; Why Go to College If There Are No Jobs? Chasing the American Dream

      A pair of interesting articles on MarketWatch highlights the plight of those graduating from college deep in debt and little prospects of landing a good job in their field.

    • The Impact of No Child Left Behind on Student Achievement

      Preliminary results are in, and they suggest it has helped with math skills but not with reading achievement, as measured in the 4th and 8th grades.  Via Thomas Dee and Brian Jacob:

    • Motivation And Study Habits Trump Intelligence When Learning

      A new study finds that intelligence is not the key factor in how a student gains math skills, reports Rick Nauert of PsychCentral. The new study, conducted by researchers at the University of Munich and the University of Bielefeld and published in the journal Child Development, suggests motivation and study habits are the key factors in math achievement:

    • On Jamie's Dream School

      Watching Jamie’s Dream School last night prompted a thought: does any TV programme better embody so much of what I dislike about Britain today? (Don't get me started on Lily Allen: From Rags to Riches.)

    • The personality traits of stand-up comedians, and owners of vicious dogs

      They don't quite fit the stereotype:

    • Should you go to graduate school in a recession?

      Penelope Trunk says no:

    Latest

    Jamie Dimon Wins! [Report]
    Jamie Dimon Wins! [Report]
    MOBILE INSIGHTS: The Mobile Payment Wars Heat Up Again
    Yahoo's Mayer Says Tumblr Could Get Its Own...

    User login

    • Create new account
    • Request new password
    • Click on the icon to sign in with your social network login or enter your Bullfax.com login

    Our Blog

    • Did Iceland make it through the crisis?
    • Marks & Spenser, Bank Loans in China, Vodafone and Asian Stocks in Our News for Today 05/21/2013
    • Actavis to acquire Warner Chilcott in $5bn pharmaceutical deal

    Markets Map

    Markets Map

    Follow Us

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS
    S&P 500: 1669.84 0.21% FTSE: 6769.34 0.2% Nikk.: 15381.02 0.13% DAX: 8459.53 0.04% HSI: 23366.369 -0.54% FX: EUR/GBP: 1.1763 USD/EUR: 1.287 JPY/USD: 102.765 Commodities: Gold: 1371.35

    Bullfax.com - Market News & Analysis 2008-2011
    Contact Us | About Us | Terms & Conditions

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS .

    Secondary menu

    • Latest News
    • Top Rated
    • Most Popular
    • Archive
    • Discussions