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The main insight of this paper is that moral behavior does not necessarily alleviate coordination problems or may even worsen them, if individuals possess different degrees of morality. We characterize heterogenous Alger-Weibull morality preferences in a canonical model of voluntary...
Persistent link: https://www.econbiz.de/10014632345
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676
Within a general equilibrium model, this paper identifies a novel animal welfare externality that occurs if the private animal friendliness in a market economy falls short of the social animal friendliness used by the social planner when determining the efficient allocation. The animal welfare...
Persistent link: https://www.econbiz.de/10013472429
and effort choices, in these three jobs, to preferences for altruism and morality that are structurally estimated. The … predictions are tested in pre-registered experiments. We also estimate proxies for altruism/morality from the dictator … corrupt public sector job. The effects of altruism on occupational choice are subtle, but altruism positively influences the …
Persistent link: https://www.econbiz.de/10013473663
source software are motivated by reciprocal altruism to publish their own improvements. The evolution of the open …
Persistent link: https://www.econbiz.de/10008697802
altruism, trust, trustworthiness, and cooperation. For non-social experiences, we find no effect on subsequent behavior in any … irrespective of whether the experience is social or not. Our findings are in line with recent evidence on decision making under … various forms of social decision making. Our results suggest that the overall valence of an experience (gain or loss) matters …
Persistent link: https://www.econbiz.de/10012520860
cultural background matter. -- Decision under pressure ; altruism ; social norms ; interdependent preferences ; excess of …
Persistent link: https://www.econbiz.de/10003771813
enforced. This paper shows that economic analysis can account for human behavior in such situations. -- Decision under pressure … ; tragic events and disasters ; survival ; quasi-natural experiment ; altruism …
Persistent link: https://www.econbiz.de/10003808139
the public good and leisure is valuable. Existing experiments start with a given number of "tokens" for each decision … to (or simultaneously with) the decision of how to allocate that income between private and public goods. -- decision … making ; choice behavior ; public goods ; experimental economics ; altruism ; fairness ; conditional reciprocity …
Persistent link: https://www.econbiz.de/10008697050
A general framework is described specifying how boundedly rational decision makers generate their choices. Starting … decision routines (by applying New Problem Solver). Our admittedly bold attempt is loosely related to some stylized …
Persistent link: https://www.econbiz.de/10009781608