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Abstract

We examine a novel class of conformist preferences which falls within the realm of belief-dependent motivations in that the peers expectations about others behavior may affect every group-members welfare.
Similar other-regarding motivations, like guilt-aversion, have been inferred from evidence of a belief-behavior correlation but the issue of causality has been disputed.
In examining conformism we propose a design that verifies the presence of the relevant causality direction while ruling out alternative other-regarding motivations.
Our data reveal -self-servingly conformist- behavior in that subjects choose to match their strategy to the peers expectations when it is in their interest to do so.



Item Type: MPRA Paper -

Original Title: Conformist Preferences in Mixed-Motive Games-

Language: English-

Keywords: conformist preferences, consensus effects, belief-dependent utility, guilt aversion, social norms, trust-

Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative GamesC - Mathematical and Quantitative Methods > C9 - Design of Experiments > C91 - Laboratory, Individual Behavior-





Autor: Naef, Michael

Fuente: https://mpra.ub.uni-muenchen.de/66965/



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