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Guilt Aversion in Economics and Psychology

Author

Listed:
  • Bellemare, Charles
  • Sebald, A.
  • Suetens, Sigrid

    (Tilburg University, Center For Economic Research)

Abstract

We investigate whether the concept of guilt aversion in economics is related to the psychological characterization of the same phenomenon. For trust games and dictator games we report correlations between the guilt sensitivity measured within a framework of psychological games most common in economics and the guilt sensitivity measured using a questionnaire common in psychology (TOSCA-3). We find that the two measures correlate well and significantly in the two settings.

Suggested Citation

  • Bellemare, Charles & Sebald, A. & Suetens, Sigrid, 2019. "Guilt Aversion in Economics and Psychology," Discussion Paper 2019-017, Tilburg University, Center for Economic Research.
  • Handle: RePEc:tiu:tiucen:5dca2a21-519f-4f5a-834d-b39b71b11298
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    References listed on IDEAS

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    More about this item

    Keywords

    guilt sensitivity; psychological game theory; TOSCA; laboratory experiment; guilt aversion;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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