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 |
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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 |