We investigate the consequences of a pure income effect on the altruistic behavior of donors. Inequity aversion theories predict either no effect or a decrease in giving, whereas warm-glow theory predicts an increase in giving with an increase in the common income of donor and receiver....

We investigate whether a pure framing has any effect on the decisions made in a dictator game. We run a between subject dictator game with a giving and a taking frame whilst keeping the strategy space the same. Complying with the literature we find no overall difference in the amount allocated...

Existing studies connect overall wellbeing with both payoffs and related anticipation, but it is not explored whether altruistic behavior as well as anticipation about the same may differ across gender and across income levels. We study altruistic behavior and the corresponding anticipation...

Using a South African data set, the paper poses six questions about the determinants of subjective well-being. Much of the paper is concerned with the role of relative concepts. We find that comparator income – measured as average income of others in the local residential cluster - enters the...

We apply Maslow’s hierarchy of needs to the concept of utility and then go on to a new model where individual’s behavior is aimed at reaching optimal level of arousal of neural system and optimal level of domination in social ranking.

As a stress test of experimenter demand effects, we run an experiment where subjects can physically destroy coupons awarded to them. About one subject out of three does. Giving money back to the experimenter is possible in a separate task but is more consistent with an experimenter demand effect...