Imagine Being a Nice Guy: A Note on Hypothetical vs. Incentivized Social Preferences
9 Pages Posted: 27 Aug 2014
Date Written: 2013
We conducted an experimental study on social preferences using dictator games similar to Fehr et al. (2008). We show that social preferences differ between participants who receive low-stakes monetary rewards for their decisions and participants who consider hypothetical stakes. The results are robust when we control for socio-demographic characteristics and participants’ risk attitudes. Besides incentives, gender plays an important role for the categorization of different social preferences.
Keywords: social preferences, incentive mechanisms, dictator games
JEL Classification: C91
Suggested Citation: Suggested Citation