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dc.contributor.authorCosta-Gomes, Miguel A.
dc.contributor.authorJu, Yuan
dc.contributor.authorLi, Jiawen
dc.identifier.citationCosta-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 .
dc.identifier.otherPURE: 253402634
dc.identifier.otherPURE UUID: 6dfb7321-46f6-4c12-a99e-ec4acbe26ba0
dc.identifier.otherScopus: 85052798882
dc.identifier.otherWOS: 000452049300038
dc.descriptionThe financial support from the Super Pump Priming Fund (currently named as RIS Fund) at the University of York is gratefully acknowledged.en
dc.description.abstractWe 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.
dc.relation.ispartofEconomic Inquiryen
dc.rightsCopyright © 2018, Western Economic Association International. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at
dc.subjectRole-reversal consistencyen
dc.subjectThe Golden Ruleen
dc.subjectProjection biasen
dc.subjectElicited beliefsen
dc.subjectHB Economic Theoryen
dc.titleRole-reversal consistency : an experimental study of the Golden Ruleen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. School of Economics and Financeen
dc.description.statusPeer revieweden

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