It pays to pay - Big Five personality influences on co-operative behaviour in an incentivized and hypothetical prisoner's dilemma game
AbstractThe authors investigated how the presence or absence of monetary incentives in a prisoner's dilemma game may influence research outcomes. Specifically, the predictive power of the Big Five personality traits on decisions in an incentivized (N = 60) or hypothetical (N = 60) prisoner's dilemma game was investigated. Participants were less generous in the incentivized game. More importantly, personality predicted decisions only in the incentivized game, with low Neuroticism and high Openness to Experience predicting more cooperative transfers. The influence of Neuroticism on behaviour in the incentivized game was mediated by risk attitude. The results are consistent with other results suggesting that the Big Five are relevant predictors of moral behaviour, and with results suggesting that the determinants of hypothetical decisions are different from the determinants of real decisions, with the latter being more revealing of one's true preferences. The authors argue that psychologists, contrary to prevailing praxis, should consider making their participants' decisions more real. This could allow psychologists to more convincingly generalize laboratory findings into contexts outside of the laboratory.
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Bibliographic InfoPaper provided by Cologne Graduate School in Management, Economics and Social Sciences in its series Cologne Graduate School Working Paper Series with number 01-05.
Date of creation: Nov 2010
Date of revision:
Publication status: Published in Personality and Individual Differences, Vol. 50 (2), 2011, pages 300-304
Big Five; Prisoner's dilemma; Social dilemma; Moral behaviour; Incentives; Stake size;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-11 (All new papers)
- NEP-CBE-2010-12-11 (Cognitive & Behavioural Economics)
- NEP-EXP-2010-12-11 (Experimental Economics)
- NEP-HPE-2010-12-11 (History & Philosophy of Economics)
- NEP-NEU-2010-12-11 (Neuroeconomics)
- NEP-SOC-2010-12-11 (Social Norms & Social Capital)
- NEP-UPT-2010-12-11 (Utility Models & Prospect Theory)
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- Walkowitz, Gari & Lönnqvist, Jan-Erik & Irlenbusch, Bernd, 2013. "Moral hypocrisy: Self-deception or impression management?," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79701, Verein für Socialpolitik / German Economic Association.
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