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Elicited Beliefs and Social Information in Modified Dictator Games: What Do Dictators Believe Other Dictators Do?

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Author Info
Nagore Iriberri ()
Pedro Rey-Biel

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Abstract

We use subjects’ actions in modified dictator games to perform a within-subject classification of individuals into four different types of interdependent preferences: Selfish, Social Welfare maximizers, Inequity Averse and Competitive. We elicit beliefs about other subjects’ actions in the same modified dictator games to test how much of the existent heterogeneity in others’ actions is known by subjects. We find that subjects with different interdependent preferences in fact have different beliefs about others’ actions. In particular, Selfish individuals cannot conceive others being non-Selfish while Social Welfare maximizers are closest to the actual distribution of others’ actions. We finally provide subjects with information on other subjects’ actions and re-classify individuals according to their (new) actions in the same modified dictator games. We find that social information does not affect Selfish individuals, but that individuals with interdependent preferences are more likely to change their behavior and tend to behave more selfishly.

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Publisher Info
Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1137.

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Date of creation: Apr 2008
Date of revision: Jan 2009
Handle: RePEc:upf:upfgen:1137

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Web page: http://www.econ.upf.edu/

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Related research
Keywords: Interdependent preferences; social welfare maximizing; inequity aversion; belief elicitation; social information; experiments; mixture-of-types models; LeeX;

Other versions of this item:

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C9 - Mathematical and Quantitative Methods - - Design of Experiments
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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