Heterogeneous guilt sensitivities and incentive effects
Psychological games of guilt aversion assume that preferences depend on (beliefs about) beliefs and on the guilt sensitivity of the decision-maker. We present an experiment designed to measure guilt sensitivities at the individual level for various stake sizes. We use the data to estimate a structur...
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| Veröffentlicht in: | Experimental economics : a journal of the Economic Science Association 2018-06, Vol.21 (2), p.316-336 |
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| container_title | Experimental economics : a journal of the Economic Science Association |
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| creator | Bellemare, Charles Sebald, Alexander Suetens, Sigrid |
| description | Psychological games of guilt aversion assume that preferences depend on (beliefs about) beliefs and on the guilt sensitivity of the decision-maker. We present an experiment designed to measure guilt sensitivities at the individual level for various stake sizes. We use the data to estimate a structural choice model that allows for heterogeneity, and permits that guilt sensitivities depend on stake size. We find substantial heterogeneity of guilt sensitivities in our population, with 60% of decision makers displaying stake-dependent guilt sensitivity. For these decision makers, we find that average guilt sensitivities are significantly different from zero for all stakes considered, while significantly decreasing with the level of stakes. |
| doi_str_mv | 10.1007/s10683-017-9543-2 |
| format | Article |
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| subjects | Behavioral/Experimental Economics Decision makers Decision making models Economic theory Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Emotions Game Theory Games Guilt Microeconomics Operations Research/Decision Theory Original Paper Psychological aspects Social and Behav. Sciences |
| title | Heterogeneous guilt sensitivities and incentive effects |
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