EconPapers    
Economics at your fingertips  
 

Do People Accurately Anticipate Sanctions?

Raúl López-Pérez and Hubert Janos Kiss

Southern Economic Journal, 2012, vol. 79, issue 2, 300-321

Abstract: We provide lab data from four different games that allow us to study whether people have accurate expectations regarding monetary sanctions (punishment/reward) and nonmonetary sanctions (disapproval/approval). Although the strength of the sanction is always predicted with some error (particularly in the case of monetary sanctions), we observe that (i) most subjects anticipate correctly the sign of the average sanction, (ii) expectations covary with sanctions, (iii) the average expectation is very often not significantly different than the average actual sanction, and (iv) the errors exhibit no systematic bias, except in those situations where rewards are frequent. In this line, we find some evidence that punishment is ' better anticipated than rewards.

JEL-codes: C70 C91 D63 D74 Z13 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.4284/0038-4038-2011.033

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sej:ancoec:v:79:2:y:2012:p:300-321

Access Statistics for this article

Southern Economic Journal is currently edited by Laura Razzolini

More articles in Southern Economic Journal from Southern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Laura Razzolini ( this e-mail address is bad, please contact ).

 
Page updated 2021-04-03
Handle: RePEc:sej:ancoec:v:79:2:y:2012:p:300-321