Author: Alaoui, Larbi; Fons-Rosen, Christian
Description: This paper investigates the way different sides of grit influence 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.
Subject headings: Noncognitive skills; Grit; Tenacity; Diligence
Publication year: 2021
Journal or book title: European Economic Review
Volume: 136
Pages: 103736
Find the full text: https://larbialaoui.com/wp-content/uploads/2023/02/alaoui_fonsrosen_grit.pdf
Find more like this one (cited by): https://scholar.google.com/scholar?cites=3948783415742903783&as_sdt=1000005&sciodt=0,16&hl=en
Serial number: 4133