Lecture 12: Social Preferences III

TL;DR

Social preferences are influenced by factors such as social image concerns, self-image concerns, and the fairness of the allocation process.

Transcript

[SQUEEKING] [RUSTLING] [CLICKING] PROFESSOR: Welcome to lecture number 12. I'm very sorry that this has to be remote. I hope all of you are doing OK. I know this is lots of trouble and stress for many of you, having to move, not knowing necessarily where to move to, financial issues and so on and so forth, lots of worries about health, of your own ... Read More

Key Insights

• 🦡 People are willing to pay to avoid situations where they have to give, suggesting that they may give to avoid feeling bad or guilty.
• 🤳 Social image concerns and self-image concerns influence social preferences and giving behavior.

Questions & Answers

Q: Why do people give in social preference games?

People give in social preference games to avoid feeling bad or guilty and to maintain a positive self-image or social image.

Q: What factors influence social preferences?

Social preferences are influenced by factors such as social image concerns, self-image concerns, and the fairness of the allocation process.

Q: Do people give more when they can communicate with others?

Communication may influence giving behavior, as it allows for the expression of intentions and considerations of fairness.

Q: How do social preferences affect giving behavior in dictator games?

Social preferences play a significant role in giving behavior, as people's choices are influenced by concerns about fairness and their self-image.

Summary & Key Takeaways

• Social preferences are influenced by factors such as social image concerns, self-image concerns, and the fairness of the allocation process.

• Research shows that people are willing to pay to avoid situations where they have to give, as they are uncomfortable with refusing.

• Evidence suggests that people may give to avoid feeling bad or guilty and not necessarily because they enjoy giving.