Other-regarding behaviour: Testing guilt- and reciprocity-based models
AbstractWe analyse two types of belief-dependant models of social preferences: guilt aversion and reciprocity. In particular, we test the relevance of their input variables (second-order beliefs and general dispositions for guilt/reciprocity). The data confirm the predictions of belief-dependant models. Both second-order beliefs and a participant's sensitivity to guilt/reciprocity are relevant for the decisions taken. Second-order beliefs appear to have an inverse U-shaped effect on the extent of kind behaviour.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2010-072.
Date of creation: 2010
Date of revision:
social preferences; other-regarding behaviour; belief-dependent models; experiments; trust game; guilt aversion; beliefs; psychological game theory; emotions; reciprocity;
Find related papers by JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-30 (All new papers)
- NEP-CBE-2010-10-30 (Cognitive & Behavioural Economics)
- NEP-EVO-2010-10-30 (Evolutionary Economics)
- NEP-EXP-2010-10-30 (Experimental Economics)
- NEP-GTH-2010-10-30 (Game Theory)
- NEP-NEU-2010-10-30 (Neuroeconomics)
- NEP-UPT-2010-10-30 (Utility Models & Prospect Theory)
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