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Do I Really Want to Know? A Cognitive Dissonance-Based Explanation of Other-Regarding Behavior

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  • Astrid Matthey

    (Max-Planck-Institute of Economics, Kahlaische Str. 10, 07745 Jena, Germany)

  • Tobias Regner

    (Max-Planck-Institute of Economics, Kahlaische Str. 10, 07745 Jena, Germany)

Abstract

We investigate to what extent genuine social preferences can explain observed other-regarding behavior. In a dictator game variant subjects can choose whether to learn about the consequences of their choice for the receiver. We find that a majority of subjects showing other-regarding behavior when the payoffs of the receiver are known, choose to ignore these consequences if possible. This behavior is inconsistent with preferences about outcomes. Other-regarding behavior may also be explained by avoiding cognitive dissonance as in Konow (2000). Our experiment’s choice data is in line with this approach. In addition, we successfully relate individual behavior to proxies for cognitive dissonance.

Suggested Citation

  • Astrid Matthey & Tobias Regner, 2011. "Do I Really Want to Know? A Cognitive Dissonance-Based Explanation of Other-Regarding Behavior," Games, MDPI, vol. 2(1), pages 1-22, February.
    • Handle: RePEc:gam:jgames:v:2:y:2011:i:1:p:114-135:d:11378
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    Keywords

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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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