Social motives vs social influence: An experiment on interdependent time preferences
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http://hdl.handle.net/10045/69749
Title: | Social motives vs social influence: An experiment on interdependent time preferences |
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Authors: | Rodriguez-Lara, Ismael | Ponti, Giovanni |
Research Group/s: | Microeconomía Aplicada (GIMA) |
Center, Department or Service: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Keywords: | Social preferences | Risk and time preferences | Social influence | Belief elicitation |
Knowledge Area: | Fundamentos del Análisis Económico |
Issue Date: | Sep-2017 |
Publisher: | Elsevier |
Citation: | Games and Economic Behavior. 2017, 105: 177-194. doi:10.1016/j.geb.2017.06.007 |
Abstract: | We design an intertemporal Dictator Game to test whether Dictators modify their discounting behavior when their own decision is imposed on their matched Recipients. We run four different treatments to identify the effect of payoffs externalities from those related to information and beliefs. Our descriptive statistics show that Dictators display a marked propensity to account for the intertemporal preferences of Recipients, both in the presence of externalities (social motives) and/or when they know about the decisions of their matched partners (social influence). We also perform a structural estimation exercise to control for heterogeneity in risk attitudes. As for individual behavior, our estimates confirm previous studies in that high risk aversion is associated with low discounting. As for social behavior, we find that social motives outweigh social influence, especially when we restrict our sample to pairs of Dictators and Recipients who satisfy minimal consistency conditions. |
Sponsor: | Financial support from the Spanish Ministry of Economy and Competitiveness (ECO2014-58297-R and ECO2015-65820-P), Generalitat Valenciana (Research Projects Grupos 3/086) and Instituto Valenciano de Investigaciones Económicas (IVIE) is gratefully acknowledged. |
URI: | http://hdl.handle.net/10045/69749 |
ISSN: | 0899-8256 (Print) | 1090-2473 (Online) |
DOI: | 10.1016/j.geb.2017.06.007 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © 2017 The Author(s). Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
Peer Review: | si |
Publisher version: | http://dx.doi.org/10.1016/j.geb.2017.06.007 |
Appears in Collections: | INV - GIMA - Artículos de Revistas |
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2017_Rodriguez-Lara_Ponti_GamesEconBeh.pdf | 2,58 MB | Adobe PDF | Open Preview | |
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