Who Makes a Good Leader? Social Preferences and Leading-by-Example

Simon Gaechter, Daniele Nosenzo, Elke Renner and Martin Sefton
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Simon Gaechter: University of Nottingham
Martin Sefton: University of Nottingham
Authors registered in the RePEc Author Service: Simon Gächter

No 2008-16, Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham

Abstract: We examine the effects of social preferences and beliefs about the social preferences of others in a simple leader-follower voluntary contributions game. We find that groups perform best when led by those who are reciprocally oriented. Part of the effect can be explained by a false consensus effect: selfish players tend to think it more likely that they are matched with another selfish player and reciprocators tend to think it more likely that they are matched with another reciprocator. Thus, reciprocators contribute more as leaders partly because they are more optimistic than selfish players about the reciprocal responses of followers. However, even after controlling for beliefs we find that reciprocally-oriented leaders contribute more than selfish leaders. Thus, we conclude that differing leader contributions by differing types of leader must in large part reflect social motivations.

Keywords: Reciprocity; Contribution preferences; Leadership; Leading-by-Example; False consensus effect (search for similar items in EconPapers)
JEL-codes: A13 C92 D03 (search for similar items in EconPapers)
Date: 2008-12
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Who Makes a Good Leader? Social Preferences and Leading-by-Example (2009)
Working Paper: Who Makes a Good Leader? Social Preferences and Leading-by-Example (2008)
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