Individual Heterogeneity in Punishment and Reward
AbstractWe design experiments to study the extent to which individuals differ in their motivations behind costly punishment and rewarding. Our findings qualify existing evidence and suggest that the largest fraction of players is motivated by a mixture of both inequity-aversion and reciprocity, while smaller fractions are primarily motivated by pure inequity-aversion and pure reciprocity. These findings provide new insights into the literature on other-regarding preferences and may help to reconcile important phenomena reported in the experimental literature on punishment and reward.
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Bibliographic InfoPaper provided by Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History) in its series Working Papers in Economic Theory with number 2011/01.
Length: 31 pages
Date of creation: Jan 2011
Date of revision:
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Postal: Francisco Tomás y Valiente, 5, 28049 Madrid
Web page: http://www.uam.es/departamentos/economicas/analecon/default.html
More information through EDIRC
Heterogeneity; inequity aversion; monetary punishment/reward; reciprocity; social norms.;
Find related papers by JEL classification:
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-03-05 (All new papers)
- NEP-CBE-2011-03-05 (Cognitive & Behavioural Economics)
- NEP-EVO-2011-03-05 (Evolutionary Economics)
- NEP-EXP-2011-03-05 (Experimental Economics)
- NEP-SOC-2011-03-05 (Social Norms & Social Capital)
- NEP-UPT-2011-03-05 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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