Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Friday, 08.22.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2
 3  4  5  6  7  8  9
 10  11  12  13  14  15  16
 17  18  19  20  21  22  23
 24  25  26  27  28  29  30
 31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Dec 08,2006
Success may be “family affair”
by Courtesy University of Bonn an

A study has led re­search­ers to spec­u­late that career suc­cess may be part­ly ge­ne­tic.

The sup­po­si­tion rests in part­i­cu­lar on two new find­ings, the in­ves­ti­ga­tors said: that will­ing­ness both to take risks and to trust fel­low hu­mans seem in­her­it­ed. Since as­tute judg­ment in both are­nas are cru­cial to suc­cess in busi­ness and a range of oth­er fields, that it­self might be he­red­i­tary, they rea­soned.
The re­search­ers ad­mit­ted that cir­cum­stances al­so give rich kids a leg up, but ar­gued that genes con­t­ri­bute.

The study by the In­sti­tute for the Study of La­bor and the Uni­ver­si­ty of Bonn, both in Bonn, Ger­ma­ny, was pub­lished
on­line as part of “dis­cus­sion pa­per” se­ries on the in­sti­tute’s web­site.

The re­search­ers used da­ta from a sur­vey of 3,600 Ger­man par­ents and their chil­dren. On av­er­age the chil­dren were 25 years old; more than 40 per­cent were no long­er liv­ing with their par­ents.

In “will­ing­ness to take risks, chil­dren are as­ton­ish­ing­ly si­m­i­lar to their par­ents,” said Uni­ver­si­ty of Bonn econ­o­mist Ar­min Falk. “This is not on­ly true for the over­all es­ti­mate, but al­so for the dif­fer­ent cat­e­gories. There are peo­ple, for ex­am­ple, for whom no [slope] is too steep when ski­ing, but who in­vest their mon­ey in se­cure gov­ern­ment bonds. An iden­ti­cal risk pro­file can of­ten be found with their chil­dren.”

Things are si­m­i­lar with the will­ing­ness to trust, he added. “Of course our re­sults are based on a sur­vey,” said Falk. “How­ev­er, our ex­per­i­ments over the last few years have shown that self-assessment is very con­sist­ent with ac­tu­al char­ac­ter traits.”

Genes that influence risk-taking have been re­port­ed in mice. In the Oct. 11, 2005 is­sue of Pro­ceed­ings of the Na­tio­n­al Aca­de­my of Sci­en­ces, sci­en­tists de­scribed find­ing such a gene, called neu­roD2.

Falk’s sur­vey al­so found that wom­en and their hus­bands al­so tend to have si­m­i­lar at­ti­tudes on trust and risk-tak­ing. 

“Every eco­nom­ic de­ci­sion is risky, wheth­er it is about buy­ing shares, build­ing a house or just start­ing to study at uni­ver­si­ty,” Falk said. “On the oth­er hand suc­cess in busi­ness al­so in­volves the right amount of trust.”

“If chil­dren are si­m­i­lar to their par­ents in their will­ing­ness to take risks and trust oth­ers, they will of­ten make si­m­i­lar de­ci­sions in eco­nom­ic sit­u­a­tions, too,” Falk con­ti­nued. “Of course peo­ple who come from a rich fam­i­ly simp­ly have bet­ter chances in life.” 

Zu­rich econ­o­mist Ernst Fehr re­cent­ly com­pared the will­ing­ness to take risks among Amer­i­cans and Ger­mans, us­ing the same set of ques­tions. U.S. in­ter­vie­wees scored an av­er­age of 5.6, where­as Ger­mans scored 4.4, no­tice­ably more cau­tious, Falk said.

“The U.S.A. is tra­di­tion­ally a coun­try of im­mi­gra­tion,” he ob­served. “Prob­a­bly it is particularly peo­ple who are prone to take risks that tend to em­i­grate; at least there is re­search point­ing in this di­rec­tion. Our re­sults add to this, show­ing that the will­ing­ness to take risks is some­how ‘in­her­it­ed.’ This may ex­plain the dif­fer­ence.”

1465 times read

Related news
Honey may be best for cough, study finds by Bend_Weekly_News_Sources posted on Dec 07,2007

Drastic diet may extend human life, study finds by Bend_Weekly_News_Sources posted on Nov 16,2007

Biodiversity good for mental health, scientists find by Bend_Weekly_News_Sources posted on May 18,2007

Drastic diet may extend human life, study finds by Bend_Weekly_News_Sources posted on Jan 11,2008

Science gives beauty some of its mystery back - for now by World Science Staff posted on Jan 04,2008

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 19 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?