Guilt Aversion in Economics and Psychology

CentER Discussion Paper Series Nr. 2019-017

39 Pages Posted: 23 May 2019

See all articles by Charles Bellemare

Charles Bellemare

Université Laval - Département d'Économique; Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPÉE); IZA Institute of Labor Economics

Alexander Sebald

University of Copenhagen - Department of Economics

S. Suetens

Tilburg University - Department of Economics; Tilburg University - Tilburg Institute for Behavioral Economics Research (TIBER); Tilburg Law and Economics Center (TILEC); Centre for Economic Policy Research (CEPR)

Date Written: May 13, 2019

Abstract

We investigate whether the concept of guilt aversion in economics is related to the psychological characterization of the same phenomenon. For trust games and dictator games we report correlations between the guilt sensitivity measured within a framework of psychological games most common in economics and the guilt sensitivity measured using a questionnaire common in psychology (TOSCA-3). We find that the two measures correlate well and significantly in the two settings.

Keywords: guilt sensitivity, psychological game theory, TOSCA, laboratory experiment, guilt aversion

JEL Classification: A13, C91

Suggested Citation

Bellemare, Charles and Sebald, Alexander and Suetens, S., Guilt Aversion in Economics and Psychology (May 13, 2019). CentER Discussion Paper Series Nr. 2019-017, Available at SSRN: https://ssrn.com/abstract=3387319 or http://dx.doi.org/10.2139/ssrn.3387319

Charles Bellemare (Contact Author)

Université Laval - Département d'Économique ( email )

2325 Rue de l'Université
Ste-Foy, Quebec G1K 7P4 G1K 7P4
Canada

Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPÉE)

Pavillon De Sève
Ste-Foy, Quebec G1K 7P4
Canada

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Alexander Sebald

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

S. Suetens

Tilburg University - Department of Economics ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Tilburg Institute for Behavioral Economics Research (TIBER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg Law and Economics Center (TILEC) ( email )

Warandelaan 2
Tilburg, 5000 LE
Netherlands

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
5
Abstract Views
163
PlumX Metrics