The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions

© 2014, The Author(s). We present a comprehensive experimental design that makes it possible to characterize other-regarding preferences and their relationship to the decision maker’s relative position. Participants are faced with a large number of decisions involving variations in the trade-offs be...

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Detalles Bibliográficos
Autores: Brandts, Jordi, Fatás, Enrique, Haruvy, Ernan, Lagos, Francisco
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2014
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/125540
Acceso en línea:http://hdl.handle.net/10261/125540
Access Level:acceso abierto
Palabra clave:Difference aversion
Experiments
Reciprocity
Social preferences
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spelling The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisionsBrandts, JordiFatás, EnriqueHaruvy, ErnanLagos, FranciscoDifference aversionExperimentsReciprocitySocial preferences© 2014, The Author(s). We present a comprehensive experimental design that makes it possible to characterize other-regarding preferences and their relationship to the decision maker’s relative position. Participants are faced with a large number of decisions involving variations in the trade-offs between own and other’s payoffs, as well as in other potentially important factors like the decision maker’s relative position. We find that: (1) choices are responsive to the cost of helping and hurting others; (2) The weight a decision maker places on others’ monetary payoffs depends on whether the decision maker is in an advantageous or disadvantageous relative position; and (3) We find no evidence of reciprocity of the type linked to menu-dependence. The results of a mixture-model estimation show considerable heterogeneity in subjects’ motivations and confirm the absence of reciprocal motives. Pure selfish behavior is the most frequently observed behavior. Among the subjects exhibiting social preferences, social-welfare maximization is the most frequent, followed by inequality-aversion and by competitiveness.Financial support by the Spanish Ministry of Economics and Competitiveness (Grant: ECO2011-29847-C02-01), the Generalitat de Catalunya (Grant: 2009 SGR 820), the Barcelona GSE Research Network, and CONSOLIDER-INGENIO 2010 (CSD2006-00016) is gratefully acknowledgedPeer ReviewedSpringer NatureGeneralitat de CatalunyaMinisterio de Economía y Competitividad (España)Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]2015201520142015info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Publisher's versioninfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10261/125540reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Ingléshttp://dx.doi.org/10.1007/s00355-014-0818-7Síinfo:eu-repo/semantics/openAccessoai:digital.csic.es:10261/1255402026-05-22T06:33:51Z
dc.title.none.fl_str_mv The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
title The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
spellingShingle The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
Brandts, Jordi
Difference aversion
Experiments
Reciprocity
Social preferences
title_short The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
title_full The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
title_fullStr The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
title_full_unstemmed The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
title_sort The impact of relative position and returns on sacrifice and reciprocity: an experimental study using individual decisions
dc.creator.none.fl_str_mv Brandts, Jordi
Fatás, Enrique
Haruvy, Ernan
Lagos, Francisco
author Brandts, Jordi
author_facet Brandts, Jordi
Fatás, Enrique
Haruvy, Ernan
Lagos, Francisco
author_role author
author2 Fatás, Enrique
Haruvy, Ernan
Lagos, Francisco
author2_role author
author
author
dc.contributor.none.fl_str_mv Generalitat de Catalunya
Ministerio de Economía y Competitividad (España)
Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]
dc.subject.none.fl_str_mv Difference aversion
Experiments
Reciprocity
Social preferences
topic Difference aversion
Experiments
Reciprocity
Social preferences
description © 2014, The Author(s). We present a comprehensive experimental design that makes it possible to characterize other-regarding preferences and their relationship to the decision maker’s relative position. Participants are faced with a large number of decisions involving variations in the trade-offs between own and other’s payoffs, as well as in other potentially important factors like the decision maker’s relative position. We find that: (1) choices are responsive to the cost of helping and hurting others; (2) The weight a decision maker places on others’ monetary payoffs depends on whether the decision maker is in an advantageous or disadvantageous relative position; and (3) We find no evidence of reciprocity of the type linked to menu-dependence. The results of a mixture-model estimation show considerable heterogeneity in subjects’ motivations and confirm the absence of reciprocal motives. Pure selfish behavior is the most frequently observed behavior. Among the subjects exhibiting social preferences, social-welfare maximization is the most frequent, followed by inequality-aversion and by competitiveness.
publishDate 2014
dc.date.none.fl_str_mv 2014
2015
2015
2015
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
Publisher's version
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/125540
url http://hdl.handle.net/10261/125540
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv http://dx.doi.org/10.1007/s00355-014-0818-7
Sí
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Springer Nature
publisher.none.fl_str_mv Springer Nature
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,228081

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