2015
DOI: 10.3389/fnbeh.2015.00140
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Pro-sociality and strategic reasoning in economic decisions

Abstract: We study the relationship between pro-social preferences and strategic reasoning. These aspects are typically studied separately but little is known about their joint distribution. In an experiment, for each participant we elicit individual concerns toward pro-sociality—inequality aversion and efficiency—as well as the number of steps of reasoning through a guessing game. We report that self-regarding and pro-social participants exhibit similar levels of strategic reasoning, which supports the view that pro-so… Show more

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Cited by 9 publications
(5 citation statements)
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“…In line with this prediction, little consistent association has been found between an individual's cognitive style and their overall willingness to cooperate in one-shot games (4,43,44). Furthermore, individual differences in reaction times, which are often interpreted as a proxy for intuitiveness (although see refs.…”
Section: Discussionmentioning
confidence: 85%
“…In line with this prediction, little consistent association has been found between an individual's cognitive style and their overall willingness to cooperate in one-shot games (4,43,44). Furthermore, individual differences in reaction times, which are often interpreted as a proxy for intuitiveness (although see refs.…”
Section: Discussionmentioning
confidence: 85%
“…Benjamin et al ( 2013 ) manipulates also the cognitive resources for evaluating choices to investigate the effect on risk aversion and discounting. Strategic thinking and the degree of bounded rationality (as measured by the subject's performance in a guessing game) is related to behavior in the dictator game in Arruñada et al ( 2015 ) and Dittrich and Leipold ( 2014 ).…”
mentioning
confidence: 99%
“…Written accounts constitute a significant improvement in the understanding of the role of the guessing game as a measure of strategic reasoning because they allow to remove spurious choices coming from subjects who admitted having responded at random and at the same time providing a guess belonging to the range of strategic guesses. It can also explain the lack of a significant relationship between strategic reasoning and pro sociality found in previous contributions studying the relationship between strategic reasoning and pro sociality 44 . While written accounts are not incentivized and may also be in principle prone to false answers, there are no incentives for a participant to falsely declare to have guessed an answer.…”
Section: Resultsmentioning
confidence: 79%
“…There is however a literature assessing the dyadic relationship between pairs of these three components with mixed results. Some studies analyze the connection between strategic behavior and pro sociality, without controlling for intuitive versus reflective behavior, and find a positive relation between strategic behavior and selfishness 42 , 43 or no significant relationship 44 . In turn, without controlling for strategic reasoning, there are several studies that—in line with our approach—use CRT as a tool to classify participants and to assess the relationship between their ability to engage in cognitive reflection and pro sociality.…”
mentioning
confidence: 99%