The propensity to delay gratification, measured by the discount rate, is associated with a variety of positive outcomes including higher rates of education and savings, as well as lower rates of poverty or addiction. There is a significant literature which supports a linkage between religion and self-regulation. We use an online experimental approach to test the influence of religious salience on intertemporal discount rates. The experiment used both real and hypothetical rewards in its design. Using a large sample, we are able to test the impact of religious primes across a variety of religious traditions as well as the non-religious. Contrary to previous studies, we do not find evidence that increased religious salience increases observed discount rates. Furthermore, we find no significant difference in the impact of religious salience across religious groups.
{"title":"Divine Restraint: An Experimental Analysis of Religious Preference and Intertemporal Discounting","authors":"Jeremy Thornton, S. McCarty, Charles Stokes","doi":"10.2139/SSRN.2683492","DOIUrl":"https://doi.org/10.2139/SSRN.2683492","url":null,"abstract":"The propensity to delay gratification, measured by the discount rate, is associated with a variety of positive outcomes including higher rates of education and savings, as well as lower rates of poverty or addiction. There is a significant literature which supports a linkage between religion and self-regulation. We use an online experimental approach to test the influence of religious salience on intertemporal discount rates. The experiment used both real and hypothetical rewards in its design. Using a large sample, we are able to test the impact of religious primes across a variety of religious traditions as well as the non-religious. Contrary to previous studies, we do not find evidence that increased religious salience increases observed discount rates. Furthermore, we find no significant difference in the impact of religious salience across religious groups.","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"32 1","pages":"99-110"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83624505","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 : 2016-06-01DOI: 10.1016/J.SOCEC.2016.03.005
David C. Kingsley, T. Brown
{"title":"Endogenous and costly institutional deterrence in a public good experiment","authors":"David C. Kingsley, T. Brown","doi":"10.1016/J.SOCEC.2016.03.005","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2016.03.005","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"25 1","pages":"33-41"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79280383","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 : 2016-06-01DOI: 10.1016/J.SOCEC.2016.03.001
Le Zhang, A. Ortmann
{"title":"Pro-social or anti-social, or both? A within- and between-subjects study of social preferences","authors":"Le Zhang, A. Ortmann","doi":"10.1016/J.SOCEC.2016.03.001","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2016.03.001","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"30 1","pages":"23-32"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73934750","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 : 2016-06-01DOI: 10.1016/J.SOCEC.2016.03.002
James W. Boudreau, Nicholas Shunda
{"title":"Sequential auctions with budget constraints: evidence from fantasy basketball auction drafts.","authors":"James W. Boudreau, Nicholas Shunda","doi":"10.1016/J.SOCEC.2016.03.002","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2016.03.002","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"26 1","pages":"8-22"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78988854","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 : 2016-06-01DOI: 10.1016/j.socec.2016.02.002
Reinhard Schumacher
{"title":"Hardwick, David F. and Marsh, Leslie, Propriety and Prosperity: New Studies on the Philosophy of Adam Smith, Archival Insights Into the Evolution of Economics, Palgrave Macmillan, Basingstoke, ISBN: 978-1-137-32068-1, xviii, 283 pp. $ 120.00 (Hardcover), 89.00 € (ebook)","authors":"Reinhard Schumacher","doi":"10.1016/j.socec.2016.02.002","DOIUrl":"https://doi.org/10.1016/j.socec.2016.02.002","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"130 1","pages":"51-52"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73090150","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}
We explore the potential benefits of an up-and-coming business model called “pay-what-you-want” in an environment where consumers experience a warm glow by patronizing a particular firm. We show that, given a social norm regarding minimum contributions, a pay-what-you-want firm should announce a minimum suggested contribution, which is positive—but smaller than the profit-maximizing single price—so as to benefit from “endogenous price discrimination,” whereby consumers differentially contribute more than the suggested minimum. Furthermore, a pay-what-you-want scheme can improve market efficiency and, in special cases, generate more profit than a standard posted price scheme. These results are robust to alternate motivations for generosity, including gift-exchange.
{"title":"The pay-what-you-want business model: Warm glow revenues and endogenous price discrimination","authors":"R. Mark Isaac, John P. Lightle, Douglas A. Norton","doi":"10.2139/SSRN.1612951","DOIUrl":"https://doi.org/10.2139/SSRN.1612951","url":null,"abstract":"We explore the potential benefits of an up-and-coming business model called “pay-what-you-want” in an environment where consumers experience a warm glow by patronizing a particular firm. We show that, given a social norm regarding minimum contributions, a pay-what-you-want firm should announce a minimum suggested contribution, which is positive—but smaller than the profit-maximizing single price—so as to benefit from “endogenous price discrimination,” whereby consumers differentially contribute more than the suggested minimum. Furthermore, a pay-what-you-want scheme can improve market efficiency and, in special cases, generate more profit than a standard posted price scheme. These results are robust to alternate motivations for generosity, including gift-exchange.","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"6 1","pages":"215-223"},"PeriodicalIF":0.0,"publicationDate":"2015-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78764831","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 : 2015-06-01DOI: 10.1016/J.SOCEC.2015.03.004
Agnes Bäker, W. Güth, Kerstin Pull, M. Stadler
{"title":"The willingness to pay for partial vs. universal equality: Insights from three-person envy games","authors":"Agnes Bäker, W. Güth, Kerstin Pull, M. Stadler","doi":"10.1016/J.SOCEC.2015.03.004","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2015.03.004","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"4 1","pages":"55-61"},"PeriodicalIF":0.0,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75894636","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 : 2015-02-01DOI: 10.1016/J.SOCEC.2014.10.003
Lynn Conell‐Price, Julian C. Jamison
{"title":"Predicting health behaviors with economic preferences & locus of control","authors":"Lynn Conell‐Price, Julian C. Jamison","doi":"10.1016/J.SOCEC.2014.10.003","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2014.10.003","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"36 1","pages":"1-9"},"PeriodicalIF":0.0,"publicationDate":"2015-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90781372","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 : 2015-02-01DOI: 10.1016/J.SOCEC.2014.12.004
Cary A. Deck, Salar Jahedi
{"title":"An experimental investigation of time discounting in strategic settings","authors":"Cary A. Deck, Salar Jahedi","doi":"10.1016/J.SOCEC.2014.12.004","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2014.12.004","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"33 1","pages":"95-104"},"PeriodicalIF":0.0,"publicationDate":"2015-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74636571","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 : 2015-02-01DOI: 10.1016/J.SOCEC.2014.11.005
Dusanee Kesavayuth, R. Rosenman, Vasileios Zikos
{"title":"Personality and health satisfaction","authors":"Dusanee Kesavayuth, R. Rosenman, Vasileios Zikos","doi":"10.1016/J.SOCEC.2014.11.005","DOIUrl":"https://doi.org/10.1016/J.SOCEC.2014.11.005","url":null,"abstract":"","PeriodicalId":88732,"journal":{"name":"The Journal of socio-economics","volume":"137 1","pages":"64-73"},"PeriodicalIF":0.0,"publicationDate":"2015-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88092933","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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