Use of data on planned contributions and stated beliefs in the measurement of social preferences

Anna Conte and Maria Levati

No 2011-039, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: In a series of one-shot linear public goods game, we ask subjects to report their contributions, their contribution plans for the next period, and their first-order beliefs about their present and future partner. We estimate subjects' preferences from plans data by a finite mixture approach and compare the results with those obtained from contribution data. Our results indicate that preferences are heterogeneous, and that most subjects exhibit conditionally cooperative inclinations. Controlling for beliefs, which incorporate the information about the other's decisions, we are able to show that plans convey accurate information about subjects' preferences and, consequently, are good predictors of their future behavior.

Keywords: Public good experiments; Social preferences; Mixture models (search for similar items in EconPapers)
JEL-codes: C35 C51 C72 H41 (search for similar items in EconPapers)
Date: 2011-09-13
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Journal Article: Use of data on planned contributions and stated beliefs in the measurement of social preferences (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2011-039

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