A note on testing guilt aversion
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A note on testing guilt aversion. / Bellemare, Charles; Sebald, Alexander Christopher; Suetens, Sigrid.
In: Games and Economic Behavior, Vol. 102, 03.2017, p. 233-239.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - A note on testing guilt aversion
AU - Bellemare, Charles
AU - Sebald, Alexander Christopher
AU - Suetens, Sigrid
PY - 2017/3
Y1 - 2017/3
N2 - We compare three approaches to test for guilt aversion in two economic experiments. The first approach elicits second-order beliefs using self-reports. The second approach discloses first-order beliefs of matched players to decision makers, which are taken as exogenous second-order beliefs of decision makers. The third approach lets decision makers make choices conditional on a sequence of possible first-order beliefs of matched players. We find that the first and third approach generate similar results, both qualitatively and quantitatively. The second approach, however, generates significantly higher levels of ‘kindness’ for low levels of beliefs: at a second-order belief of zero, the probability of choosing the ‘kind’ action is between 43 and 65 percentage points higher than with the other approaches.
AB - We compare three approaches to test for guilt aversion in two economic experiments. The first approach elicits second-order beliefs using self-reports. The second approach discloses first-order beliefs of matched players to decision makers, which are taken as exogenous second-order beliefs of decision makers. The third approach lets decision makers make choices conditional on a sequence of possible first-order beliefs of matched players. We find that the first and third approach generate similar results, both qualitatively and quantitatively. The second approach, however, generates significantly higher levels of ‘kindness’ for low levels of beliefs: at a second-order belief of zero, the probability of choosing the ‘kind’ action is between 43 and 65 percentage points higher than with the other approaches.
KW - Faculty of Social Sciences
KW - A13
KW - C91
KW - Guilt aversion
KW - Elicitation method
U2 - 10.1016/j.geb.2016.11.002
DO - 10.1016/j.geb.2016.11.002
M3 - Journal article
VL - 102
SP - 233
EP - 239
JO - Games and Economic Behavior
JF - Games and Economic Behavior
SN - 0899-8256
ER -
ID: 173937200