Market Design and Moral Behavior

Market Design and Moral Behavior

Market Design and Moral Behavior In an experiment with 739 subjects we study whether and how different interventions might have an influence on the degree of moral behavior when subjects make decisions that can generate negative externalities on uninvolved parties. Particularly, subjects can either take money for themselves or donate it to UNICEF for measles vaccines. By considering two fairly ...

Moral emotions and moral behavior.

Moral emotions represent a key element of our human moral apparatus, influencing the link between moral standards and moral behavior. This chapter reviews current theory and research on moral emotions. We first focus on a triad of negatively valenced "self-conscious" emotions-shame, guilt, and embarrassment. As in previous decades, much research remains focused on shame and guilt. We review cur...

Asset prices, traders’ behavior and market design

The dynamics of a financial market with heterogeneous agents are analyzed under different market architectures. We start with a tractable behavioral model under Walrasian market clearing and simulate it under different trading protocols. The key behavioral feature of the model is the switching by agents between simple forecasting rules on the basis of a fitness measure. By analyzing the dynamic...

Moral Behavior and Happiness

A growing empirical literature uniformly claims that prosocial (or moral) behavior increases happiness. Previous causal evidence, however, focuses on short-term effects and non-choice data. We test the link between prosocial behavior and happiness in a novel high-stakes paradigm that provides a comprehensive, dynamic perspective on the pattern of derived happiness. In our longitudinal study, ea...

MORAL SUPERIORITY AND MORAL BEHAVIOR 1 Investigating the relationship between self-perceived moral superiority and moral behavior using economic games