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A burgeoning literature in economics has started examining the role of social norms in explaining economic behavior. Surprisingly, the vast majority of this literature has studied social norms in asocial decision settings, where individuals are observed to act in isolation from each other. In...
Persistent link: https://www.econbiz.de/10011698664
Social preferences and social influence effects (“peer effects”) are well documented, but little is known about how peers shape social preferences. Settings where social preferences matter are often situations where peer effects are likely too. In a gift-exchange experiment with independent...
Persistent link: https://www.econbiz.de/10010352369
We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10010352420
This paper examines the effect of peers on individual risk taking. In the absence of informational motives, we investigate why social utility concerns may drive peer effects. We test for two main channels: utility from payoff differences and from conforming to the peer. We show experimentally...
Persistent link: https://www.econbiz.de/10010291567
compare a neutral language treatment with a ‘green framing’ treatment, in which meaningful context is added to the … instructions. We find the green framing to significantly increase the number of profitable transitions, but also to inhibit the … similar even though the green framing results in twice as many transitions. In the context of environmental policy, the …
Persistent link: https://www.econbiz.de/10011431165
We experimentally study the impact of framing effects in a repeated sequential social dilemma game. Our between … Street game than when it is called the Community game. However, the social framing effect disappears when we control for …
Persistent link: https://www.econbiz.de/10012314887
find evidence for the predicted distaste for penalty contracts. In four experiments penalty framing actually increased the … job offer acceptance rate relative to bonus framing. I rule out a number of explanations, most notably self …
Persistent link: https://www.econbiz.de/10011615881
A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a …
Persistent link: https://www.econbiz.de/10010531790
Charitable donations provide positive externalities and can potentially be increased with an understanding of donor preferences. We obtain a uniquely comprehensive characterization of donation motives using an experiment that varies treatments between and within subject. Donations are increasing...
Persistent link: https://www.econbiz.de/10012018187
Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...
Persistent link: https://www.econbiz.de/10010266032