You'll Never Walk Alone: An Experimental Study on Receiving Money
37 Pages Posted: 23 Jan 2018 Last revised: 8 Feb 2018
Date Written: February 7, 2018
Is more money better than less? Not always. It depends on the situation. If more money for oneself means less money for a stranger, the majority of participants in dictator games choose less money for themselves. But if they really are alone - and thus, do not have to share with a stranger - will they always choose to receive more money instead of less? Here, I report results from seven experiments in varying contexts. On average, one-third of a total of 3,503 participants chose to receive less money instead of more. In one experiment, the majority chose to receive less money. In two norm elicitation experiments, a considerable minority considered receiving less money socially inappropriate.
Keywords: More or less money, Distributional and non-distributional norm
JEL Classification: D01, D03, D63
Suggested Citation: Suggested Citation