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Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent models of non-pecuniary motives can be classified as either altruism- based, equity-based, or reciprocity-based. We estimate and compare leading approaches...
Persistent link: https://www.econbiz.de/10005707975
This paper presents the results of a survey-based experiment on the role of equity and efficiency for altruistic …
Persistent link: https://www.econbiz.de/10013092890
. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we …
Persistent link: https://www.econbiz.de/10011299882
for me, payoff for the other). This draws attention to inequality in payoffs and thus gives weight to fairness concerns …
Persistent link: https://www.econbiz.de/10011295782
Altruistic punishment is often thought to be a major enforcement mechanism of social norms. I present experimental results from a modified version of the dictator game with third-party punishment, in which third parties can remain ignorant about the choice of the dictator. I find that a...
Persistent link: https://www.econbiz.de/10012119648
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
experiment whether peopleś fairness ideals vary with respect to changes in the order in which they undertake two allocation tasks …How malleable are peopleś fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is … still unclear whether and to what extent peopleś allocations reflect their fairness ideals. We investigate in a laboratory …
Persistent link: https://www.econbiz.de/10011279775
We study a decision maker (DM) who has preferences over choice problems, which are sets of payoff-allocations between herself and a passive recipient. An example of such a set is the collection of possible allocations in the classic dictator game. The choice of an allocation from the set is...
Persistent link: https://www.econbiz.de/10011690900
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10003980496
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10009011378