Loss aversion in social image concerns
- Does loss aversion apply to social image concerns? In a laboratory experiment, we first induce social image in a relevant domain, intelligence, through public ranking. In a second stage, subjects experience a change in rank and are offered scope for lying to improve their final, also publicly reported rank. Subjects who care about social image and experience a decline in rank lie more than those experiencing gains. Moreover, we document a discontinuity in lying behavior when moving from rank losses to gains. Our results are in line with loss aversion in social image concerns.
| Author details: | Vasilisa PetrishchevaORCiDGND, Gerhard RienerORCiDGND, Hannah Schildberg-HörischGND |
|---|---|
| DOI: | https://doi.org/10.1007/s10683-022-09782-7 |
| ISSN: | 1386-4157 |
| ISSN: | 1573-6938 |
| Title of parent work (English): | Experimental economics : a journal of the Economic Science Association |
| Publisher: | Springer Science + Business Media B.V. |
| Place of publishing: | Dordrecht |
| Publication type: | Article |
| Language: | English |
| Date of first publication: | 2021/12/21 |
| Publication year: | 2021 |
| Release date: | 2024/04/10 |
| Tag: | laboratory experiment; loss aversion; lying behavior; social image concerns |
| Volume: | 26 |
| Issue: | 3 |
| Number of pages: | 24 |
| First page: | 622 |
| Last Page: | 645 |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften / Fachgruppe Volkswirtschaftslehre |
| DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Peer review: | Referiert |
| Publishing method: | Open Access / Hybrid Open-Access |
| License (German): |  CC-BY - Namensnennung 4.0 International |
