Interpersonal allocation behavior in a household saving experiment

Vital Anderhuba, Dennis Alexis Valin Dittrich (), Werner Güth () and Nadege Marchandd
Authors registered in the RePEc Author Service: Nadège Marchand ()

Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: We investigate the intertemporal allocation behavior of spouses with different deterministic life expectations in an experiment. In each period of their life both partners propose a consumption level of which one is then randomly implemented. In spite of the complex dynamics optimal behavior is rather simple and straightforward in the sense of conditional consumption smoothing. A substantial number of participants does not care whether their partner receives any payoff. This selfish behavior is punished by their partners.On average participants stay on egoistic consuption paths, although in later periods their behavior shifts in the direction of consumption paths leading to equal payoffs.

Keywords: experimental economics; considerate attitudes; random dictatorship (search for similar items in EconPapers)
JEL-codes: C73 C91 D91 (search for similar items in EconPapers)
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