Abstract

Data on similarities and differences in perceptions of economic activities in Hungary, Poland, the Netherlands and the United Kingdom were collected. The data set is a three-mode one consisting of economic activities (mode 1) scored on rating scales (mode 2) by a number of individuals or judges (mode 3). The major thesis of this paper is that such data should be analyzed by three-mode analysis methods rather than two-mode methods. To demonstrate this, the data were analyzed with three-mode principal component analysis (PCA) using the program TUCKALS3. Both the decisions which precede the three-mode analysis, the three-mode analysis itself, and its interpretation are illustrated and explained. The paper treats three-mode PCA in some detail in order to show how it can be applied to unravel structures in complicated three-mode data which frequently arise in the field of economic perception. The substantive result is that there is a perceptual space common to all four nations. It is characterized by contrasts between economic and social values, by immediate or delayed consequences of activities, and by a difference between occupational and private activities. The most striking difference between countries is that the British have a different view of the financial resources necessary for certain activities compared to inhabitants of the other three countries. PsycINFO classification: 2240, 3040

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.