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- Title
ROLE‐REVERSAL CONSISTENCY: AN EXPERIMENTAL STUDY OF THE GOLDEN RULE.
- Authors
Costa‐Gomes, Miguel A.; Ju, Yuan; Li, Jiawen
- Abstract
We report an experiment that asks whether people in a strategic situation behave according to the Golden Rule, that is, do not treat others in ways that they find disagreeable to themselves, a property that we call role‐reversal consistency. Overall, we find that over three quarters of the subjects are role‐reversal consistent. Regression analysis suggests that this finding is not driven by players maximizing their subjective expected monetary earnings given their stated beliefs about their opponents' behavior. We find that subjects' stated beliefs and actions reveal mild projection bias.
- Subjects
GOLDEN rule; TALMUD; BUDDHISM; BUSINESS partnerships; ELICITATION technique
- Publication
Economic Inquiry, 2019, Vol 57, Issue 1, p685
- ISSN
0095-2583
- Publication type
Article
- DOI
10.1111/ecin.12708