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Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China

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  • Elaine Liu

    ()
    (University of Houston)

  • Juanjuan Meng

    ()
    (Peking University Guanghua School of Management)

  • Joseph Wang

    ()
    (National Taiwan University)

Abstract

This paper investigates how Confucianism affects individual decision making in Taiwan and in China and whether the Cultural Revolution in China, which denounced Confucian teaching, has had a long-lasting impact. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became more risk loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became more trustworthy and more patient after being primed by Confucianism. Combining the evidence from the incentivized laboratory experiments and subjective survey measures, we found evidence that Chinese subjects and Taiwanese subjects reacted differently to Confucianism.

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File URL: http://www.uh.edu/econpapers/RePEc/hou/wpaper/2013-199-49.pdf
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Bibliographic Info

Paper provided by Department of Economics, University of Houston in its series Working Papers with number 2013-199-49.

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Date of creation: 18 Jul 2013
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Handle: RePEc:hou:wpaper:2013-199-49

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Postal: Houston TX 77023
Web page: http://www.uh.edu/class/economics/
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Keywords: social norm; Confucianism; time preferences; risk aversion; trust;

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