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of social preferences by providing mechanisms through which parents transmit preferences for generosity to their children …. Then, we conduct a field experiment with nearly 150 3-5 year old children and their parents, measuring (1) whether child … and parent generosity is correlated, (2) whether children are influenced by their parents when making sharing decisions …
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Decades of research on behavioral economics have established the importance of factors that are typically absent from the standard economic framework: reference dependent preferences, hyperbolic preferences, and the value placed on non-financial rewards. To date, these insights have had little...
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Recent discoveries in behavioral economics have led to important new insights concerning what can happen in markets. Such gains in knowledge have come primarily via laboratory experiments--a missing piece of the puzzle in many cases is parallel evidence drawn from naturally-occurring field...
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