The Role of Humor in Work Group Dynamics in Times of Crisis

Author:

Boydstun Amber E.1ORCID,Wallach Hanna2,Young Dannagal G.3,Allen Joseph A.4ORCID

Affiliation:

1. University of California, Davis, USA

2. Microsoft Research New York City, USA

3. University of Delaware, USA

4. University of Utah, USA

Abstract

Humor is a key indicator of the health of work groups, including during times of crisis. Moreover, studies of newly formed groups show that the type of humor used can change as members of a group get to know one another and form bonds. Yet in the context of a relatively established work group, can the nature of the group’s humor evolve in response to a crisis? We address this question in the context of the Federal Open Market Committee (FOMC), examining whether the FOMC was able to pivot its use of humor following the 2007 financial crash. As hypothesized, we find a post-crash increase in “affiliative” humor in general, and “playful banter” specifically, indicating effective group dynamics among members (which bodes well for the global economy). The FOMC thus offers evidence that established work groups can use humor as a dynamic mechanism for adapting to new circumstances.

Publisher

SAGE Publications

Subject

Applied Psychology,Social Psychology

Reference71 articles.

1. Broida A. L. (1974). Confidential memo to the Federal Open Market Committee. FOMC Secretariat. https://www.federalreserve.gov/monetarypolicy/files/FOMC19740731Memo01.pdf

2. Transparency and Deliberation Within the FOMC: A Computational Linguistics Approach*

3. Hernández-Murillo R., Shell H. G. (2014). The rising complexity of the FOMC statement (Economic SYNOPSES). Federal Reserve Bank of St. Louis. https://files.stlouisfed.org/files/htdocs/publications/es/14/ES_23_2014-11-05.pdf

4. Herszenhorn D. M., Hulse C. (2008, September 27). Breakthrough reached in negotiations on bailout. The New York Times. https://www.nytimes.com/2008/09/28/business/28bailout.html

5. When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks

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