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

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  • Liu, Elaine M.

    ()
    (University of Houston)

  • Meng, Juanjuan

    ()
    (Peking University)

  • Wang, Joseph Tao-yi

    ()
    (National Taiwan University)

Abstract

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became significantly less present-based and were inclined to be more trustworthy 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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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7684.

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Length: 40 pages
Date of creation: Oct 2013
Date of revision:
Handle: RePEc:iza:izadps:dp7684

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Keywords: social norm; Confucianism; time preferences; risk aversion; trust;

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