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Hypothetical bias in value orientations ring games

  • Mentzakis, Emmanouil
  • Mestelman, Stuart

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.

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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 120 (2013)
Issue (Month): 3 ()
Pages: 562-565

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Handle: RePEc:eee:ecolet:v:120:y:2013:i:3:p:562-565
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-45, July.
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  11. Emmanouil Mentzakis & Stuart Mestelman, 2010. "Hypothetical and convenience sample biases in value orientations ring games," Department of Economics Working Papers 2010-06, McMaster University.
  12. Andersen, Steffen & Ertaç, Seda & Gneezy, Uri & Hoffman , Moshe & List, John A., 2011. "Stakes Matter in Ultimatum Games," Working Papers 01-2011, Copenhagen Business School, Department of Economics.
  13. Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
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  15. Gary Charness & Matthew Rabin, 2002. "Understanding Social Preferences with Simple Tests," The Quarterly Journal of Economics, Oxford University Press, vol. 117(3), pages 817-869.
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