Illusion of control and the pursuit of authority
Randolph Sloof () and
Ferdinand A. Siemens ()
Additional contact information
Ferdinand A. Siemens: Goethe University Frankfurt
Experimental Economics, 2017, vol. 20, issue 3, 556-573
Abstract We measure participants’ willingness to pay for transparently useless authority—the right to make a completely uninformed task decision. We further elicit participants’ beliefs about receiving their preferred outcome if they make the decision themselves, and if another participant makes the decision for them. We find that participants pay more to make the decision themselves if they also believe that they can thus increase the probability of getting their preferred outcome. Illusion of control therefore exists in a controlled laboratory environment with monetary incentives and is connected to peoples’ pursuit of authority.
Keywords: Control preferences; Illusion of control; Allocation of decision rights (search for similar items in EconPapers)
JEL-codes: C91 D23 D80 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10683-016-9499-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Working Paper: Illusion of Control and the Pursuit of Authority (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:expeco:v:20:y:2017:i:3:d:10.1007_s10683-016-9499-7
Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/10683/PS2
Access Statistics for this article
Experimental Economics is currently edited by David J. Cooper, Lata Gangadharan and Charles N. Noussair
More articles in Experimental Economics from Springer, Economic Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().