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Intention and Stochastic Outcomes: An Experimental StudyGary CharnessUniversity of California, Santa Barbara - Department of Economics David I. LevineUniversity of California, Berkeley - Economic Analysis & Policy Group December 5, 2005 Abstract: Do people care about intentions - even when good intentions do not produce good results? In our experiments we find that rates of punishment and reward react strongly to intentions (the wage a firm decides to pay) and more modestly to distributional outcomes (the higher or lower wage actually received including the stochastic component). For example, workers who end up receiving 'medium' wages respond much more positively when this resulted from the firm offering a high wage (but bad luck lowered the worker's pay) than when this resulted from the firm offering a low wage (and good luck raised the pay).
Number of Pages in PDF File: 30 Keywords: Intentions, Reciprocity, Experiment, Rent-sharing, Process, Attribution JEL Classification: A13, B49, C91, J3, J41 working papers seriesDate posted: October 15, 2003Suggested CitationContact Information
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