Pub Date : 2018-11-23DOI: 10.1108/S0193-230620180000020008
Hanjo Hamann, N. Nicholls
We investigate the role of group identity in delegated decision-making. Our framework considers the impact of group identity (based on racial segregation in post-Apartheid South Africa) on decisions to appoint a representative in a trust game with delegated decision-making, where information on the race group of other players is either common or private knowledge. We test our framework experimentally on a sample of young South Africans who had never been exposed to experimental economics research. By exogenously matching parties according to their race group, we observe their endogenous trust and delegation behavior. Our results suggest that white players try to use information about group identity to increase profits, albeit unsuccessfully. This may help to explain distrust and coordination failures observed in real-life interactions.
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Pub Date : 2018-11-23DOI: 10.1108/S0193-230620180000020002
V. Storr, Arielle John
Abstract How should economists incorporate culture into their economic analysis? What empirical approaches to identifying, measuring, and analyzing the relationship between culture and economic action are most appropriate for economists? In particular, what can experimental economists learn from the methods of economic anthropologists, sociologists, and historians who study culture? We argue that while both quantitative and qualitative approaches can reveal interesting relationships between culture and economic actions/outcomes, especially in experimental research designs, qualitative methods help economists better understand people’s economic choices and the economic outcomes that emerge from those choices. This is because qualitative studies conceptualize culture as a pattern of meaning, take the relevant cultural data to be people’s thoughts and feelings, treat the market as a cultural phenomenon, and allow for novel explanations.
{"title":"Why Use Qualitative Methods to Study Culture in Economic Life?","authors":"V. Storr, Arielle John","doi":"10.1108/S0193-230620180000020002","DOIUrl":"https://doi.org/10.1108/S0193-230620180000020002","url":null,"abstract":"Abstract \u0000How should economists incorporate culture into their economic analysis? What empirical approaches to identifying, measuring, and analyzing the relationship between culture and economic action are most appropriate for economists? In particular, what can experimental economists learn from the methods of economic anthropologists, sociologists, and historians who study culture? We argue that while both quantitative and qualitative approaches can reveal interesting relationships between culture and economic actions/outcomes, especially in experimental research designs, qualitative methods help economists better understand people’s economic choices and the economic outcomes that emerge from those choices. This is because qualitative studies conceptualize culture as a pattern of meaning, take the relevant cultural data to be people’s thoughts and feelings, treat the market as a cultural phenomenon, and allow for novel explanations.","PeriodicalId":330367,"journal":{"name":"Research in Experimental Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125539333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-23DOI: 10.1108/S0193-230620180000020003
Douglas A. Norton
Abstract John and Storr (this volume) make the case that quantitative methods help establish whether culture matters, but do not tell us how culture matters. To better understand how culture matters, social scientists must use qualitative methods like interviews, in-depth case studies, and archival research. Currently, experimental economists engage qualitative methods through the coding of “chat” transcripts and informal talks with subjects while payments are arranged. Experimental economists do this because they know that it is a good idea to talk to the people they seek to understand and learn from their thought process. The goal of this chapter is to build on the insights from John and Storr about the importance of qualitative work and to provide experimental economists with some concrete ideas about qualitative methods that can improve their research.
{"title":"A Note on Qualitative Methods in Experimental Economics","authors":"Douglas A. Norton","doi":"10.1108/S0193-230620180000020003","DOIUrl":"https://doi.org/10.1108/S0193-230620180000020003","url":null,"abstract":"Abstract \u0000John and Storr (this volume) make the case that quantitative methods help establish whether culture matters, but do not tell us how culture matters. To better understand how culture matters, social scientists must use qualitative methods like interviews, in-depth case studies, and archival research. Currently, experimental economists engage qualitative methods through the coding of “chat” transcripts and informal talks with subjects while payments are arranged. Experimental economists do this because they know that it is a good idea to talk to the people they seek to understand and learn from their thought process. The goal of this chapter is to build on the insights from John and Storr about the importance of qualitative work and to provide experimental economists with some concrete ideas about qualitative methods that can improve their research.","PeriodicalId":330367,"journal":{"name":"Research in Experimental Economics","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128909775","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-11-23DOI: 10.1108/s0193-2306201820
Anna Gunnthorsdottir
The contributions in this volume discuss new approaches to the measurement of culture and how to conceptualize and define values and beliefs and the groups that share them, and they contribute to the growing body of literature that documents how cultural differences in social and economic behavior.
{"title":"Experimental Economics and Culture","authors":"Anna Gunnthorsdottir","doi":"10.1108/s0193-2306201820","DOIUrl":"https://doi.org/10.1108/s0193-2306201820","url":null,"abstract":"The contributions in this volume discuss new approaches to the measurement of culture and how to conceptualize and define values and beliefs and the groups that share them, and they contribute to the growing body of literature that documents how cultural differences in social and economic behavior.","PeriodicalId":330367,"journal":{"name":"Research in Experimental Economics","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129989498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-10-01DOI: 10.1108/S0193-230620180000020010
Daniel L. Chen
This paper proposes a reference-point dependent model of social behavior where individuals maximize a three-term utility function: a consumption utility term and two “social” terms. One social term captures a preference for desert (i.e., others getting what we think they deserve) and the other term a preference for the satisfaction of other’s expectations, or to placate them (i.e., them getting what we think they think they deserve). After motivating the modeling assumptions with findings from empirical moral philosophy and evolutionary psychology, I introduce the model and generate some simple comparative statics results, which I then test with experiments. I discuss how the model explains several paradoxes of empirical moral philosophy that are less explicable by current economic models of social preference focusing on outcomes and intentions.
{"title":"Tastes for Desert and Placation: A Reference Point-Dependent Model of Social Preferences","authors":"Daniel L. Chen","doi":"10.1108/S0193-230620180000020010","DOIUrl":"https://doi.org/10.1108/S0193-230620180000020010","url":null,"abstract":"This paper proposes a reference-point dependent model of social behavior where individuals maximize a three-term utility function: a consumption utility term and two “social” terms. One social term captures a preference for desert (i.e., others getting what we think they deserve) and the other term a preference for the satisfaction of other’s expectations, or to placate them (i.e., them getting what we think they think they deserve). After motivating the modeling assumptions with findings from empirical moral philosophy and evolutionary psychology, I introduce the model and generate some simple comparative statics results, which I then test with experiments. I discuss how the model explains several paradoxes of empirical moral philosophy that are less explicable by current economic models of social preference focusing on outcomes and intentions.","PeriodicalId":330367,"journal":{"name":"Research in Experimental Economics","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126031199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1998-06-06DOI: 10.1108/s0193-2306202221
Richard Mcadams
This entry reviews experimental economics research relevant to law and economics. The introduction includes a brief discussion of experimental methodology and a survey of the categories of experiments relevant to law and economics, with citations to other reviews and compilations. The entry then reviews two series of economics experiments particularly important to law: those relating to the Coase theorem and those relating to pre-trial bargaining and settlement.
{"title":"Experimental Law and Economics","authors":"Richard Mcadams","doi":"10.1108/s0193-2306202221","DOIUrl":"https://doi.org/10.1108/s0193-2306202221","url":null,"abstract":"This entry reviews experimental economics research relevant to law and economics. The introduction includes a brief discussion of experimental methodology and a survey of the categories of experiments relevant to law and economics, with citations to other reviews and compilations. The entry then reviews two series of economics experiments particularly important to law: those relating to the Coase theorem and those relating to pre-trial bargaining and settlement.","PeriodicalId":330367,"journal":{"name":"Research in Experimental Economics","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1998-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115198078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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