Croson, Rachel and Konow, James (2009): Social Preferences and Moral Biases. Published in: Journal of Economic Behavior and Organization , Vol. 69, No. 3 (March 2009): pp. 201-212.
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An emerging consensus in economics is that three motives are at work in strategic decisions: distributive preferences, reciprocal preferences and self-interest. An important obstacle, however, has been moral biases: distortions created by self-interest can obscure our measures of social preferences. This paper describes a simple experiment to address this. We compare the decisions of implicated “stakeholders” with those of impartial “spectators.” We find that stakeholders are less inclined to respond to the generosity of others than are spectators. We also clarify a result in previous research (e.g., Offerman 2002) that stakeholders punish unkindness more than they reward kindness. We find that this asymmetry in reciprocity has two sources: an asymmetry in the underlying preference that even impartial spectators display and a moral bias; stakeholders punish more and reward less than spectators. In sum, we find that all three motives have important and significant effects on final allocations.
|Item Type:||MPRA Paper|
|Institution:||Loyola Marymount University|
|Original Title:||Social Preferences and Moral Biases|
|English Title:||Social Preferences and Moral Biases|
|Keywords:||Reciprocity; fairness; justice; moral bias|
|Subjects:||D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C91 - Laboratory, Individual Behavior
|Depositing User:||James Konow|
|Date Deposited:||12. Nov 2009 17:44|
|Last Modified:||14. Feb 2013 20:44|
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Double Standards: Social Preferences and Moral Biases. (deposited 14. Apr 2007)
- Social Preferences and Moral Biases. (deposited 12. Nov 2009 17:44) [Currently Displayed]