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Honestly, why are you donating money to charity? An experimental study about self-awareness in status-seeking behavior

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  • Mitesh Kataria
  • Tobias Regner

Abstract

This study investigates experimentally whether people in retrospective are self-aware that they engage in status-seeking behavior. Subjects participated in a real-effort task where effort translated into a donation to a charity. Within-subjects we varied the visibility of their performance (private/public feedback). On average, subjects exerted more effort in the public treatment. After the real-effort task, subjects were asked to state their retrospective beliefs about their performance in public given feedback about their performance in private, and about the performance of other subjects in public given the average performance in private. Between-subjects, we varied the compensation that participants would receive for providing accurate performance estimates. Our results show a lack of self-awareness about status-seeking behavior that is robust to increased belief compensation. We also found that subjects expected others to be as status-seeking as they are themselves or even less. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Mitesh Kataria & Tobias Regner, 2015. "Honestly, why are you donating money to charity? An experimental study about self-awareness in status-seeking behavior," Theory and Decision, Springer, vol. 79(3), pages 493-515, November.
  • Handle: RePEc:kap:theord:v:79:y:2015:i:3:p:493-515
    DOI: 10.1007/s11238-014-9469-5
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    3. Biao Luo & Chengyuan Wang & Tieshan Li, 2018. "Inequity-averse agents’ deserved concerns under the linear contract: a social network setting," Annals of Operations Research, Springer, vol. 268(1), pages 129-148, September.

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    More about this item

    Keywords

    Social status; Self-image; Self-awareness; Self-deception; Experiment; Beliefs; A13; D12;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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