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This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
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Policy makers responding to COVID-19 need to know people's relative valuation of health over wealth. Loosening and tightening lockdowns moves a society along a (perceived) health-wealth trade-off and the associated changes have to accord with the public's relative valuation of health and wealth...
Persistent link: https://www.econbiz.de/10012833584
People frequently behave non-selfishly in situations where they can reduce their own payoff to help others. It is typically assumed that such pro-social behavior arises because people are motivated by a social preference. An alternative explanation is that they follow a social norm. We test with...
Persistent link: https://www.econbiz.de/10012827720