Role-reversal consistency : an experimental study of the Golden Rule
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.
Citation
Costa-Gomes , M A , Ju , Y & Li , J 2019 , ' Role-reversal consistency : an experimental study of the Golden Rule ' , Economic Inquiry , vol. 57 , no. 1 , pp. 685-704 . https://doi.org/10.1111/ecin.12708
Publication
Economic Inquiry
Status
Peer reviewed
ISSN
0095-2583Type
Journal article
Description
The financial support from the Super Pump Priming Fund (currently named as RIS Fund) at the University of York is gratefully acknowledged.Collections
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