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Hypothetical bias in value orientations ring games

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  • Mentzakis, Emmanouil
  • Mestelman, Stuart

Abstract

The social value orientations ring game is often used to identify behavioral types and provide insight regarding choices made by individuals in market or non-market environments. Following the literature from other experimental fields, this paper is concerned with the presence of hypothetical bias in the method used to identify social value orientation (i.e. a difference between subject behavior when rewards are not salient and subject behavior when rewards are salient). We find no evidence of hypothetical bias in the value orientations or the subjects’ consistency.

Suggested Citation

  • Mentzakis, Emmanouil & Mestelman, Stuart, 2013. "Hypothetical bias in value orientations ring games," Economics Letters, Elsevier, vol. 120(3), pages 562-565.
    • Handle: RePEc:eee:ecolet:v:120:y:2013:i:3:p:562-565
    DOI: 10.1016/j.econlet.2013.06.019
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    References listed on IDEAS

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    2. Peter Dolton & Richard S.J. Tol, 2019. "Correlates of Social Value Orientation: Evidence from a Large Sample of the UK Population," Working Paper Series 0119, Department of Economics, University of Sussex Business School.
    3. Joachim Marti & John Buckell & Johanna Catherine Maclean & Jody L. Sindelar, 2016. "To ‘Vape’ or Smoke? A Discrete Choice Experiment Among U.S. Adult Smokers," NBER Working Papers 22079, National Bureau of Economic Research, Inc.
    4. Matthias Greiff & Kurt A. Ackermann & Ryan O. Murphy, 2018. "Playing a Game or Making a Decision? Methodological Issues in the Measurement of Distributional Preferences," Games, MDPI, vol. 9(4), pages 1-25, October.
    5. Gamba, Astrid & Regner, Tobias, 2019. "Preferences-dependent learning in the centipede game: The persistence of mistrust," European Economic Review, Elsevier, vol. 120(C).
    6. Greiff, Matthias & Ackermann, Kurt & Murphy, Ryan O., 2016. "The influences of social context on the measurement of distributional preferences," VfS Annual Conference 2016 (Augsburg): Demographic Change 145529, Verein für Socialpolitik / German Economic Association.
    7. Hurley, Jeremiah & Mentzakis, Emmanouil & Walli-Attaei, Marjan, 2020. "Inequality aversion in income, health, and income-related health," Journal of Health Economics, Elsevier, vol. 70(C).
    8. Joachim Marti & John Buckell & Johanna Catherine Maclean & Jody Sindelar, 2019. "To “Vape” Or Smoke? Experimental Evidence On Adult Smokers," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 705-725, January.
    9. Müller, Stephan & Rau, Holger A., 2017. "Too cold for warm glow? Christmas-season effects in charitable giving," University of Göttingen Working Papers in Economics 331, University of Goettingen, Department of Economics.
    10. Emmanouil Mentzakis & Jana Sadeh, 2021. "Experimental evidence on the effect of incentives and domain in risk aversion and discounting tasks," Journal of Risk and Uncertainty, Springer, vol. 62(3), pages 203-224, June.

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    More about this item

    Keywords

    Ring games; Value orientations; Hypothetical bias;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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