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2023 | 16 | nr 1 | 200--213
Tytuł artykułu

Sense of Fairness or Hunger for Revenge? : it Does Make a Difference

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
We analyze the driving factors of anomalistic patterns found in experimental studies related to bargaining games. In particular, we investigate whether the well-documented deviation from self-interested behavior can be partly, or entirely, attributed to revenge rather than fairness. Although, in general, related literature does not distinguish between the two latter notions, we highlight their differences and show that revenge significantly, and independently from the sense of fairness, contributes to decision-making in ultimatum games. Moreover, we show that, when controlling for various attributes, the hunger for revenge becomes the sole driving factor for both positively and negatively reciprocal behavior, rendering the sense of fairness insignificant. Our further cross-sectional analysis yields that gender differences are also very significant; however, the measured effects of fairness and revenge remain unaffected by this latter finding. (original abstract)
Rocznik
Tom
16
Numer
Strony
200--213
Opis fizyczny
Twórcy
  • Eötvös Loránd University, Budapest, Hungary; John von Neumann University Kecskemét, Hungary
  • WorldQuant LLC, Budapest, Hungary
Bibliografia
  • Avrahami, J., Güth, W., Hertwig, R., Kareev, Y., & Otsubo, H. (2013). Learning (not) to yield: An experimental study of evolving ultimatum game behavior. The Journal of Socio-Economics, 47, 47-54.
  • Berger, R., Rauhut, H., Prade, S., & Helbing, D. (2012). Bargaining over waiting time in ultimatum game experiments. Social Science Research, 41(2), 372-379.
  • Blount, S. (1995). When social outcomes aren't fair: The effect of causal attributions on preferences. Organizational Behavior and Human Decision Processes, 63(2), 131-144.
  • Cappelletti, D., Güth, W., & Ploner, M. (2011). Being of two minds: Ultimatum offers under cognitive constraints. Journal of Economic Psychology, 32(6), 940-950.
  • Chew, S. H., Ebstein, R. P., & Zhong, S. (2013). Sex-hormone genes and gender difference in ultimatum game: Experimental evidence from China and Israel. Journal of Economic Behavior & Organization, 90, 28-42.
  • Clavien, C., & Klein, R. A. (2010). Eager for fairness or for revenge? Psychological altruism in economics. Economics and Philosophy, 26(03), 267-290.
  • Cooper, D. J., & Dutcher, E. G. (2011). The dynamics of responder behavior in ultimatum games: a meta-study. Experimental Economics, 14(4), 519-546.
  • Eckel, C. C., & Grossman, P. J. (2001). Chivalry and solidarity in ultimatum games. Economic Inquiry, 39(2), 171-188.
  • Falk, A., Fehr, E., & Fischbacher, U. (2008). Testing theories of fairness-Intentions matter. Games and Economic Behavior, 62(1), 287-303.
  • García-Gallego, A., Georgantzís, N., & Jaramillo-Gutiérrez, A. (2012). Gender differences in ultimatum games: Despite rather than due to risk attitudes. Journal of Economic Behavior & Organization, 83(1), 42-49.
  • Grimm, V., & Mengel, F. (2011). Let me sleep on it: Delay reduces rejection rates in ultimatum games. Economics Letters, 111(2), 113-115.
  • Güth, W., Schmittberger, R., & Schwarze, B. (1982). An experimental analysis of ultimatum bargaining. Journal of Economic Behavior & Organization, 3(4), 367-388.
  • Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica: Journal of the Econometric Society, 263-291.
  • Knoch, D., Pascual-Leone, A., Meyer, K., Treyer, V., & Fehr, E. (2006). Diminishing reciprocal fairness by disrupting the right prefrontal cortex. Science, 314(5800), 829-832.
  • Noussair, C. N., & Stoop, J. (2015). Time as a medium of reward in three social preference experiments. Experimental Economics, 18(3), 442-456.
  • Pillutla, M. M., & Murnighan, J. K. (1996). Unfairness, anger, and spite: Emotional rejections of ultimatum offers. Organizational Behavior and Human Decision Processes, 68(3), 208-224.
  • Sanfey, A. G., Rilling, J. K., Aronson, J. A., Nystrom, L. E., & Cohen, J. D. (2003). The neural basis of economic decision-making in the ultimatum game. Science, 300(5626), 1755-1758.
  • Schotter, A., & Sopher, B. (2007). Advice and behavior in intergenerational ultimatum games: An experimental approach. Games and Economic Behavior, 58(2), 365-393.
  • Solnick, S. J. (2001). Gender differences in the ultimatum game. Economic Inquiry, 39(2), 189.
  • Srivastava, J., Espinoza, F., & Fedorikhin, A. (2009). Coupling and decoupling of unfairness and anger in ultimatum bargaining. Journal of Behavioral Decision Making, 22(5), 475-489.
  • Sutter, M., Kocher, M., & Strauß, S. (2003). Bargaining under time pressure in an experimental ultimatum game. Economics Letters, 81(3), 341-347.
  • Wallace, B., Cesarini, D., Lichtenstein, P., & Johannesson, M. (2007). Heritability of ultimatum game responder behavior. Proceedings of the National Academy of Sciences, 104(40), 15631-15634.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171664541

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