Non-Cognitive Skills at the Time of COVID-19: An Experiment with Professional Traders and Students

Marco Angrisani (), Marco Cipriani (), Antonio Guarino, Ryan Kendall () and Julen Zarate-Pina ()
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Marco Angrisani: Center for Economic and Social Research, University of Southern California, 635 Downey Way, Los Angeles, CA 90089, USA
Marco Cipriani: Federal Reserve Bank of New York and CEPR, 33 Liberty Street, New York, NY 10045, USA
Ryan Kendall: Faculty of Philosophy, Radcliffe Humanities, University of Oxford, Woodstock Road, Oxford, OX2 6GG, UK
Julen Zarate-Pina: Department of Economic Analysis, University of the Basque Country, Avenida Lehendakari Agirre, 83, Bilbao 48015, Spain

Quarterly Journal of Finance (QJF), 2024, vol. 14, issue 02, 1-37

Abstract: We study the stability of non-cognitive skills by comparing experimental data gathered before and during the COVID-19 pandemic. Using a sample of professional traders, we find a significant decrease in Agreeableness and Locus of Control and a moderate decrease in Grit. These patterns are primarily driven by those with more negative experiences of the pandemic. Other skills, such as Trust, Conscientiousness, and Self-Monitoring, are unchanged. We contrast these results with those from a sample of undergraduate students whose non-cognitive skills remain constant (except Conscientiousness). Our findings provide evidence against the stability of some non-cognitive skills, particularly among professional traders.

Keywords: Field experiment; financial professionals; non-cognitive skills; trust; locus of control; big 5; self-monitoring; grit; COVID-19 (search for similar items in EconPapers)
Date: 2024
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http://www.worldscientific.com/doi/abs/10.1142/S2010139224400032
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Working Paper: Noncognitive Skills at the Time of COVID-19: An Experiment with Professional Traders and Students (2023)
Working Paper: Noncognitive Skills at the Time of COVID-19: An Experiment with Professional Traders and Students (2023)
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DOI: 10.1142/S2010139224400032

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