Claire Baxter Claremont Colleges Library

An Investigation Into the Effects of Social Influences on the Paradox of Choice in Retirement Plans

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An Investigation Into the Effects of Social Influences on the Paradox of Choice in Retirement Plans

Author : Claire Baxter

Publisher : Claremont Colleges Library

Published : 2018

ISBN-10 :

ISBN-13 :

Number of Pages : 39 Pages

Language : en

Descriptions An Investigation Into the Effects of Social Influences on the Paradox of Choice in Retirement Plans

Research in retirement planning has found that people are delaying investing in a retirement plan and are missing out on thousands of potential savings from not investing since 401(k)'s are protected against income taxes. This delay of investment could be occurring as a result of choice overload. The current study examined choice overload in the financial context of 401(k) retirement plans in order to find an efficient solution. Social influences and peer effects have been shown to increase retirement plan participation rates. Participants (n=119) were randomly assigned to a control condition or one of two social preferences conditions, one of which had a heavily skewed social preference while the other had relatively equal preferences. Participants were instructed to build a 401(k) and then were asked questions regarding their financial literacy and overload and satisfaction with their decisions. There was no significant effect of social preferences on overload or satisfaction. However, financial literacy was found to be a negative predictor of satisfaction.

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Results An Investigation Into the Effects of Social Influences on the Paradox of Choice in Retirement Plans

Examples Of Social Influence - 1752 Words | Internet Public Library - Conformity is a type of social influence that includes a change of belief or behavior to fit into a group. Many people can cross the line too far back or too far forward, thus being too much of a conformist or too much of an ity is essential to life. Humans live in a society that functions as a whole

(PDF) An Investigation into Factors Affecting Concentration of - According to Kumar (2003), as referenced by Le (2021), concentration is a learned mental state in which all of a person's senses and mind are concentrated on a single subject. Furthermore

Racism and Its Effects on Our Society | Free Essay Example - - Racism is a severe disease of society, which leads to unpredictable consequences. Although this disease is rather psychological and emerges in people's minds, many social, economic, and even political factors contribute to its emergence. This paper examines the problem of racism, describes its causes and impact on society

PDF How social media is changing the way people commit crimes and police - The main impact of social media performances on law enforcement has been to enhance and extend surveillance. Social media provide access to the personal diaries, photo albums, and home movies of millions of people, most of it freely provided so that the 21st century is an era of unprecedented self-surveillance. The historical prerequisite that a

Health Psych Ch 1 Flashcards | Quizlet - Study with Quizlet and memorize flashcards containing terms like The field within psychology devoted to understanding all psychological influences on health and illness across the life span is called A. psychosomatic medicine. B. health psychology. C. medical psychology. D. epidemiology., A health psychologist who designs a media campaign to get people to improve their diets focuses on A

Informational Social Influence - StudySmarter US - Informational Social Influence Definition. The easiest way to define informational social influence is that: It is an explanation for conformity that is driven by our wish to be correct. It occurs when we lack information (an ambiguous situation) about something and look to others for guidance

Social Influence and the Collective Dynamics of Opinion Formation - PLOS - Social influence is the process by which individuals adapt their opinion, revise their beliefs, or change their behavior as a result of social interactions with other people. In our strongly interconnected society, social influence plays a prominent role in many self-organized phenomena such as herding in cultural markets, the spread of ideas and innovations, and the amplification of fears

Social Influence - an overview | ScienceDirect Topics - Eva H. Telzer, ... Kathy T. Do, in Advances in Child Development and Behavior, 2018. 6 Conclusions and Future Directions. Social influences from peers and family have a profound impact on positive youth adjustment. Although susceptibility to social influence is often viewed as a vulnerability in adolescent development, particularly in the peer domain (and arguably so, given the evidence for

Review of social science research on the impact of countermeasures - The overwhelming majority of studies that looked at social media, 93%, did so in the form of a simulated social media feed or using post-styled presentation of disinformation content. 4% of the studies examined the impact of variation in real-world media, mostly fact-checks of disputed claims, many of which were also presented in the context of

How Does Media Influence Social Norms? A Field Experiment on the Role - Media has the power to influence individual beliefs, attitudes, and behaviors. Thus, social norms that influence and encourage gender violence have been targeted by policy interventions using mass media communication. Prior research suggests that media influences through two effects: the individual or direct effect (private) or the social or indirect effect (public)

Social Influence Bias: A Randomized Experiment | Science - Collective intelligence has recently been heralded as a harbinger of accelerated human potential ().But, social influence on individuals' perceptions of quality and value could create herding effects that lead to suboptimal market outcomes (7, 8); rich-get-richer dynamics that exaggerate inequality (9-12); a group think mentality that distorts the truth (); and measurable disruptions in

How Social Media Affects Crime Investigations | Teen Vogue - By Emma Sarran Webster. October 13, 2017. On September 12, 19-year-old Kenneka Jenkins was found dead in a walk-in hotel freezer in Rosemont, Illinois, where she had been at a party. Nearly one

TikTok effects on kids and teens under investigation by states - CNBC - Key Points. TikTok is under investigation by a bipartisan group of state attorneys general to determine if the popular short-form video platform negatively affects the health of their younger

5 Social Influence Examples and How They Affect Us Daily - 5 Social Influence Examples. 1. Informational. When you decide based on information that someone else provided, that is informational social influence. This social influence comes from your desire to be correct. You adjust your opinions to the way people think in the hopes of proper judgment. 2

Personal and social factors that influence pro-environmental concern - The influences are grouped into 18 personal and social factors. The personal factors include childhood experience, knowledge and education, personality and self-construal, sense of control, values, political and world views, goals, felt responsibility, cognitive biases, place attachment, age, gender and chosen activities

What are external influences? - External influences - National 4 ... - BBC - Even though a business has no control over external influences, these influences can have a large impact on the business. These factors can be grouped into the following areas: political. economic

Instagram's Effects on Children Are Being Investigated by ... - WSJ - Listen to article. (2 minutes) A bipartisan coalition of state attorneys general said Thursday it is investigating how Instagram attracts and affects young people, amping up the pressure on parent

States start probe of TikTok's impact on young users' mental health - Updated on: March 3, 2022 / 7:35 PM / AP. Washington — State attorneys general have launched a nationwide investigation into TikTok and its possible harmful effects on young users' mental health

Full article: A systematic review: the influence of social media on - Researchers suggested further investigation of these factors, and other factors such as personal traits (O'Dea & Campbell, Citation 2011), socio-cultural factors that influence the roles of and expectations from adolescents in family and society, environmental factors which may affect development of adolescents and social skills (Tsitsika et

Social Influence - Psychologist World - One of the most-cited researchers into conformity was the Polish psychologist Solomon Asch (1907-1996). ... I. and Baltes, B. (2006). Self-efficacy and independence from social influence: Discovery of an efficacy-difficulty effect. Social Influence, 1(1). 58-80. Haney, C., Banks, W. C. and Zimbardo, P. G. (1973). A study of prisoners and guards

(PDF) How Social Media Influence Crimes - ResearchGate - Social media's anonymity and fakeness, as well as jurisdictional issues, have contributed to an increase in online violence that affects people of all ages and is a global issue. Individuals

Asch Conformity Line Experiment - Simply Psychology - Asch used a lab experiment to study conformity, whereby 50 male students from Swarthmore College in the USA participated in a 'vision test.'. Using a line judgment task, Asch put a naive participant in a room with seven confederates/stooges. The confederates had agreed in advance what their responses would be when presented with the line task

The Impact of Social Media on Brand Perception: Victoria's Secret - 2.8 Fashion And Social Media. Victoria's Secret has demonstrated willingness and innovation within the retail category in terms of exploring social media sites to enhance brand perception and ultimately increase its sales. It is clear to see that their models play a huge role in the brands' social media presence

Social influence - Wikipedia - Social influence comprises the ways in which individuals adjust their behavior to meet the demands of a social environment. It takes many forms and can be seen in conformity, socialization, peer pressure, obedience, leadership, persuasion, sales, and ly social influence results from a specific action, command, or request, but people also alter their attitudes and behaviors in

Social media's growing impact on our lives - Social media use has skyrocketed over the past decade and a half. Whereas only five percent of adults in the United States reported using a social media platform in 2005, that number is now around 70 percent.. Growth in the number of people who use Facebook, Instagram, Twitter, and Snapchat and other social media platforms — and the time spent on them—has garnered interest and concern

Social Influence and Consumer Behavior (Spring 2013) - Oxford Academic - Social Influence and Consumer Behavior (Spring 2013) Curator: Darren Dahl. The importance of understanding the role of social influence, how others affect our emotions, opinions, or behaviors, in consumption has a long and varied history in the fields of sociology, psychology, and marketing. As a topic area, social influence is incredibly broad

Quantifying the effects of social influence | Scientific Reports - Nature - They are, directly or indirectly, influenced by cultural norms, mass media and interactions in social networks. The combined effects of these influences is known as social influence

Theory and Examples of Social Influence - - Social influence theory also posits that if enough people feel a similar emotion, others around them may begin to feel this same emotion. For example, if the majority is happy, an individual may

PDF An Investigation into the Effects of Social Influence on Moral - An Investigation into the Effects of Social Influence on Moral Behaviour using Immersive Virtual Reality Jacob Thomas Thorn ... In order to investigate the effects of social influence on moral behaviours, immersive virtual reality (IVR) was used, allowing participants to be placed in a life-like virtual simulation of events that

- Social influence is an integral part of our lives and affects the way we think, feel, and act in various situations. From the obvious to the less apparent, it shapes our opinions, attitudes, and decisions. This article explores the theories, types, and dynamics of opinion formation that drive social influence

An investigation into the effects of social influence on - In order to investigate the effects of social influence on moral behaviours, immersive virtual reality (IVR) was used, allowing participants to be placed in a life-like virtual simulation of events that they would normally only read about in a text-based vignette, probing their observed moral behaviours instead of just their abstract moral

Quantifying the effects of social influence | Scientific Reports - What is social influence?

(PDF) An investigation into the effects of social influence - In order to investigate the effects of social influence on moral behaviours, immersive virtual reality (IVR) was used, allowing participants to be placed in a life-like virtual simulation

Full article: A systematic review: the influence of social - This systematic review synthesized evidence on the influence of social media use on depression, anxiety and psychological distress in adolescents. A search of PsycINFO, Medline, Embase, CINAHL and SSCI databases reaped 13 eligible studies, of which 12 were cross-sectional

An Investigation into the Effects of Social Influence on - An Investigation into the Effects of Social Influence on Moral Behaviour using Immersive Virtual Reality Jacob Thomas Thorn Thesis submitted to University College London for the degree of Doctor of Philosophy Department of Computer Science University College London 06/01/2020

Quantifying the effects of social influence | Scientific Reports - They are, directly or indirectly, influenced by cultural norms, mass media and interactions in social networks. The combined effects of these influences is known as social influence –