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On the roots of the intrinsic value of decision rights: Evidence from France and Japan

Author

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  • Benoît Tarroux

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

Bartling, Fehr and Herz (2014) found that Swiss individuals attach an economically meaningful intrinsic value to make a decision by themselves rather than delegating it to another person. We refine their analysis in order to disentangle how much of such value stems from (i) a preference for independence from others, (ii) a desire for power, or (iii) a preference for self-reliance, and conduct a cross-cultural comparison between France and Japan. Our findings suggest that (i) Japanese and French individuals intrinsically value decision rights beyond their instrumental benefit, that (ii) this positive value is greater for French than Japanese individuals, and that (iii) self-reliance is the only rationale behind the intrinsic value of decision rights in both France and Japan. These results bring new insights into the roots of the preference for being in control, which can be relevant for institutional design.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Benoît Tarroux, 2018. "On the roots of the intrinsic value of decision rights: Evidence from France and Japan," Post-Print halshs-02001288, HAL.
    • Handle: RePEc:hal:journl:halshs-02001288
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    1. is not listed on IDEAS
    2. Jacquemet, Nicolas & Luchini, Stéphane & Malézieux, Antoine, 2021. "Does voting on tax fund destination imply a direct democracy effect?," International Review of Law and Economics, Elsevier, vol. 67(C).
    3. Justin Buffat & Matthias Praxmarer & Matthias Sutter, 2020. "The Intrinsic Value of Decision Rights: A Note on Team vs Individual Decision-Making," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2020_30, Max Planck Institute for Behavioral Economics.
    4. Pikulina, Elena S. & Tergiman, Chloe, 2020. "Preferences for power," Journal of Public Economics, Elsevier, vol. 185(C).
    5. March, Christoph, 2021. "Strategic interactions between humans and artificial intelligence: Lessons from experiments with computer players," Journal of Economic Psychology, Elsevier, vol. 87(C).

    More about this item

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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