Artikel
Preference based subjective beliefs
We test the empirical content of the assumption of preference dependent beliefs using a behavioral model of strategic decision making in which the rankings of individuals over final outcomes in simple games influence their beliefs over the opponent's behavior. This approach- by analogy with Psychological Game Theory-allows for interdependence between preferences and beliefs but reverses the order of causality. We use existing evidence from a multi-stage experiment in which we first elicit distributional preferences in a Random Dictator Game, then estimate beliefs in a related 2×2 effort game conditional on these preferences. Our structural estimations confirm our working hypothesis on how social preferences shape beliefs: subjects with higher guilt (envy) expect others to put less (more) effort, which reduces the expected difference in payoffs.
- Sprache
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Englisch
- Erschienen in
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Journal: Games ; ISSN: 2073-4336 ; Volume: 9 ; Year: 2018 ; Issue: 3 ; Pages: 1-12 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Design of Experiments: General
Economics of Contract: Theory
- Thema
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psychological games
belief identification
social preferences
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Giaccherini, Matilde
Ponti, Giovanni
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
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2018
- DOI
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doi:10.3390/g9030050
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Giaccherini, Matilde
- Ponti, Giovanni
- MDPI
Entstanden
- 2018
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