EconPapers    
Economics at your fingertips  
 

Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China

Elaine Liu, Juanjuan Meng () and Joseph Wang

No 7684, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became significantly less present-based and were inclined to be more trustworthy after being primed by Confucianism. Combining the evidence from the incentivized laboratory experiments and subjective survey measures, we found evidence that Chinese subjects and Taiwanese subjects reacted differently to Confucianism.

Keywords: social norm; Confucianism; time preferences; risk aversion; trust (search for similar items in EconPapers)
JEL-codes: C91 Z10 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2013-10
New Economics Papers: this item is included in nep-cbe, nep-cna, nep-evo, nep-exp, nep-soc, nep-tra and nep-upt
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)
https://docs.iza.org/dp7684.pdf (application/pdf)

Related works:
Journal Article: Confucianism and preferences: Evidence from lab experiments in Taiwan and China (2014) Downloads
Chapter: Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China (2013)
Working Paper: Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China (2013) Downloads
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:iza:izadps:dp7684

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2024-02-27
Handle: RePEc:iza:izadps:dp7684