Other-regarding behaviour: Testing guilt- and reciprocity-based models

Tobias Regner and Nicole S. Harth
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Nicole S. Harth: International Graduate College, Friedrich Schiller University, Jena

No 2010-072, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: We analyse two types of belief-dependant models of social preferences: guilt aversion and reciprocity. In particular, we test the relevance of their input variables (second-order beliefs and general dispositions for guilt/reciprocity). The data confirm the predictions of belief-dependant models. Both second-order beliefs and a participant's sensitivity to guilt/reciprocity are relevant for the decisions taken. Second-order beliefs appear to have an inverse U-shaped effect on the extent of kind behaviour.

Keywords: social preferences; other-regarding behaviour; belief-dependent models; experiments; trust game; guilt aversion; beliefs; psychological game theory; emotions; reciprocity (search for similar items in EconPapers)
JEL-codes: C91 D03 D84 (search for similar items in EconPapers)
Date: 2011-02-21
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth, nep-neu and nep-upt
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