Khalmetski, Kiryl, Ockenfels, Axel ORCID: 0000-0003-1456-0191 and Werner, Peter (2015). Surprising gifts: Theory and laboratory evidence. J. Econ. Theory, 159. S. 163 - 209. SAN DIEGO: ACADEMIC PRESS INC ELSEVIER SCIENCE. ISSN 1095-7235
Full text not available from this repository.Abstract
People do not only feel guilt from not living up to others' expectations (Battigalli and Dufwenberg, 2007), but may also like to exceed them. We propose a model that generalizes the guilt aversion model to capture the possibility of positive surprises when making gifts. A model extension allows decision makers to care about others' attribution of intentions behind surprises. We test the model in a series of dictator game experiments. We find a strong causal effect of recipients' expectations on dictators' transfers. Moreover, in line with our model, the correlation between transfers and expectations can be both positive and negative, obscuring the effect in the aggregate. Finally, we provide evidence that dictators care about what recipients know about the intentions behind surprises. (C) 2015 Elsevier Inc. All rights reserved.
Item Type: | Journal Article | ||||||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-394041 | ||||||||||||||||
DOI: | 10.1016/j.jet.2015.05.008 | ||||||||||||||||
Journal or Publication Title: | J. Econ. Theory | ||||||||||||||||
Volume: | 159 | ||||||||||||||||
Page Range: | S. 163 - 209 | ||||||||||||||||
Date: | 2015 | ||||||||||||||||
Publisher: | ACADEMIC PRESS INC ELSEVIER SCIENCE | ||||||||||||||||
Place of Publication: | SAN DIEGO | ||||||||||||||||
ISSN: | 1095-7235 | ||||||||||||||||
Language: | English | ||||||||||||||||
Faculty: | Faculty of Management, Economy and Social Sciences | ||||||||||||||||
Divisions: | Faculty of Management, Economics and Social Sciences > Economics > Macroeconomic, Financial and Economic Policy > Professur für Economics, Design and Behavior Center of Excellence C-SEB |
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Subjects: | Economics | ||||||||||||||||
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Refereed: | Yes | ||||||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/39404 |
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