Guilt Aversion in Economics and Psychology
CentER Discussion Paper Series Nr. 2019-017
39 Pages Posted: 23 May 2019
Date Written: May 13, 2019
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: Suggested Citation