Self-efficacy as an attitude that tones down risk: sounds interesting?

A mountain climber(Person MC) that has climbing self-efficacy (CSE) will see the prospect of climbing a mountain less risk than a person without such attitude.  This will make the risks involved seem more attainable and the possible consequences of a mishap less threatening. 

But will this attitude affect the risk propensity of the mountain climber when compared to a person without the attitude (normal person NP)?  Coudl the risk propensity could very well be the same?

Well, risk propensity in turn depends on risk perception - a person that sees no risk in prospects will be more risk prone since he sees less subjective risk. But the objective risk may be the same. After all climbing self-efficacy may not enable a person to climb a mountain better than a person without it.  The mountain is the same mountain.   Are risk perception and risk risk propensity mutually dependent on each other?

How to measure risk propensity independent of risk perception?  Perhaps we can test risp propensity in a situation where MC and NP have the same risk-perception such as crossing a river: the person who dares most with the same risk perception has more risk propensity. 

Risk propensity can lower risk perception so that a person's will perceive less risk when they are prone to try their luck.  Or what do you think?

Här förklaras self-efficacy på Youtube

http://se.youtube.com/watch?v=vdwgdzNn9nc&feature=related

Legal self-efficacy: what does it imply?

Legal self-efficacy is a measure to which degree an individual is comfortable with the use of legal terminology in communication with other people.

Self-efficacy is a tried and tested theory of psychology,  for a lenghthier introduction see             http://en.wikipedia.org/wiki/Self-efficacy

My theory is an application of Hirschmann's theory of exit-voice-loyalty on law as a means of communication (http://en.wikipedia.org/wiki/Exit,_Voice,_and_Loyalty). It is also an application of Luhmann's theory of law as a means of communication.

The concept is a response to the law and economics approach to understanding the interplay between behaviour of businessmen and the law.  In two articles LLSC (1997, 1998) assess creditor protection in a number of common and civil law countries. They conclude that common law is more conducice to external finance of firms since it provides better creditor protection. Their approach was followed by a number of similar attempts (Pistor 2000) and similar approaches.  My take is that neither Law and Economics nor Legal sociology have developed the right tools for testing the vast array of theories in psychology on businessmens' transaction behavior. The world of neoclassical economics and ration actor theory still rules in Law and Economics.   We all know that humans do not possess perfect information and perfect rationality.  Humans are subject to bounded rationality and learned heuristics.  Humans are plagued by biases and are not able to make Bayesian calculations instantly, some even grasp what this concept means.  This is why the Coase theorem doesn't apply to real life as much as we would like to  since transaction costs are too high.  That's why we can use Legal self-efficacy as this is a  risk reduction.

My concept is used to test businessmen's use of law, granting of trade credit, and private property protection as well as customer structure in the forthcoming dissertation  tentively titled "Legal Self-efficacy". It will consist of five to seven papers, four already published and the one I write at present will be submitted for publication.

Right now I am writing my seventh and final paper for the dissertation. 

The preliminary title is "Legal self-efficacy and Property Rights". 

It demonstrates that Legal self-efficacy has a positive and significant impact on managers' protection of businesses' property rights.

I'm wrestling with the final format of this paper - I have decided that it should be written for European Journal of Law and Economics. Let's see if they agree. Not yet, they will have to wait for another two months or so.

Hello,

well now I am about to wrap my thesis up. Two accepted and two published articles should be more than enough. I run two companies now, one consulting company - focused on Eastern Europe. And a recruitment company.

This summer will be good. Trust me.

Fredrik

It's springtime again.
Time for some catching up with the latest progress.
I have one published and four to go. Actually, it may suffice with one more article published. I have changed location to Stockholm University. My friends Lars and Kjell are there, so research becomes more enjoyable.

Yep, here' s another one

http://gregmankiw.blogspot.com/

and another one

http://www.rgemonitor.com/blog/setser

Good luck!

The life of an academic is wonderful, now that hard working top professors can blog also, not only publish thick books and bright articles. They can communicate with their students and the rest of the academic community. After having read an article in the Economist Aug. 5th to 11th 2006 p. 63 "The invisible hand on the keyboard" I surfed onto the joint blog of Nobel prize winner Gary Becker and one of the top in my field Judge Posner
http://becker-posner-blog.com/.

If, and when, I become a professor, I promise you to blog my research results to you so that we can really produce.

You like this idea? Great!

The desire to write and research follows a nice solid sine curve. And now in the midst of this30+ C. heatwave I am at the very low of this sinecurve. Luckily, or in the case of Stockholm, Sweden, we will hit another sorry dark period in december- february. The weather alone would make one emigrate to ... let's see San Diego, or Florida maybe. That would be fun.
Any one over there needs a person who is into legal sociology and law and economics? No? You need a lawyer? Ok, I'll seee what I can do.

No, I am not dead. I have just not posted on this blog for a long time. This summer I babysit 40 goldfish of my friend and colleague while he is at home visiting his parents in July. These fish are nice, I like goldfish. They do not eat each other or other fish. However, I have come to doubt their intelligence. Not too much though, they have the basic Pavlov dog instinct, and have learned that whenever I approach the aquarium they will get food. I wonder what they dream about. They probably don't dream at all. Who knows?
I decided that I want my own aquarium. Which fish is the nicest? What is the best fish to have in one´s aquarium?

Yo,

this year is election year in Sweden. Did you know that the ruling party, the Social Democrats have ruled for longer and uninterrupted periods than any other party in Europe (with some competition from the Italian Christian Democrats). This is the closest you can get to a one party state. Did you know that neighbouring Norway and Denmark change from left to right wing governments almost every election? Did you know that our prime minister can asssign anybody the head of more than 500 govermental agencies without a single motivation. or job offer. He just appointed his best friend to a top position in a governmental agency. He has absolutely no merits. Did you know that Sweden is a corporativist society of sorts with labour union backing up the left wing parties? Did you know that Sweden is the most heavily taxed country in the world, and yet the people love the government and the left coalition voters want to pay MORE taxes to steal from the rich and get nicer benefits? You dd not know? Well now you do. Cheers to the abolition of the fake welfare state.

Yooo,

There is nothing like victory, or in my case, the road to victory. It is a golden path, trust me. My victory spells 5. 5 papers. One published, one submitted, (soon the third submitted) and two to submit no later than May. Five papers to get published. Five is victory.


5redrik

Wine anyone?

A really cool hobby is wine, check out the TV site http://tv.winelibrary.com/. You get a connoiseur, who knows his stuff.

Time for recreation and relaxation. Here's a word from the pool in the sunbathing Tenerife. This year has been less productive than it could have been, but there is no reason why I can't make it up in less than a month.
Writing a dissertation is a process of confusion, clarification and more confursion, uphipp battle and then when you have written some stuff that makes sense, the hill becomess less steep, and life can become bearable, almost livable. My home town Stockholm is engulfed in snow and it will be nice to get back, despite the cold.

To all Phd candidates, don't despair, there´s a vacation to be had that will give you inspiration to do what you have to do - finish the job.

Your soon-to-be PhD Fredrik

Hooray,

my region of research, Eastern Europe is pulling itself out of poverty. I quote from the World Bank home page.

"Eastern Europe and the Former Soviet Union have witnessed a significant decrease in poverty since the Russian financial crisis of 1998-99. Almost 40 million people moved out of poverty from 1998-2003. Three key factors contributed to poverty reduction: growth in wages, growth in employment, and more adequate social transfers. But poverty and vulnerability persist: more than 60 million people live on less than $2 a day."

This is what my research is more or less all about, that these poor countries get a fair chance at a decent living. I am happy. Cheers everybody. Let´s continue working in this same direction.

My dissertatino is about legal conditions for growth. It deepens the understanding of this subject. Law, and legal system development has been very much in focus by major organisations, such as the World Bank, WHO, WTO, UN, EBRD etc etc. That's becuse they are so very fundamental, and difficult to get right in a short time span. However, the World Bank report does not focus at all on legal matters, which is not correct. Law matter for growth, a whole lot. The report was more focused on social matters. The shock therapy that Russia went through, was, detrimental, to say the least. And we need to correct those sad mistakes that have led Russians to distrust their government so much. My poor, sad, and loved Russia.

This blue sucker here can mean doom for millions of people. Let's hope that it won't seek refuge under your skin the following week. It's been captured on photo by one of the world's most renowned medical photographers Lennart Nilsson. Yes, the picture is totally new, and is the result of 6 months of hard work trying to get the virs from a US Defense laboratory, finally the WHO gave it away. And now it's on your screen, in your face.

The T word is here. Tamiflu - the antidote against the bird flu. My dad gave me two packs today. Enough for ten days. Get ready for the big pandemic. I will live ten days. How many will you live? It's really frightening. 50 percent of all afflicted die. I dont mean to start a scare or anything...

Gotta go write my thesis now. Waiting for which comes first, defense, or flu. Let's find a dice, and see how we will do...

Hello PhD student. You write, you suffer and you defend your thesis.
So that did not take a long time to say. But it takes a long time to do.


It is a disturbing thought, but has it occured to you that science is creating and nullifying theories. Research is writing. It occured to me that much of what goes on in academia is purely descriptive, without testing any theory at all. Mere description. The worst type is probably calling a collection of descriptive case studies science. I have seen some of these and they do not qualify as science. The qualify as knowledge. I welcome any comments.
Actually, what we know as academia is probably a mixture of knowledge and science. Many people just record knowledge. I have told a few people this, and they are not happy, obviously. It is not the way to become popular. But since the atmosphere is usually sooo accepting, somebody needs to hightlight what science is.

There is never such intensity in my research as there is when I prepare a paper for a seminar or conference. This gives some special effects, i.e. it's rough falling asleep (and of course getting up), due to my high thought activity. I welcome any good advice on how to cure this.

Maybe, just maybe, you are goin throught the same kind of situation that I am going through. Do not be sad, you are not alone. For reassurance please check out the site Dissertation Hell, www.disshell.blogspot.com.
This woman has made it, she will defend really soon. Be a friend, send her a cheer!