ROLE‐REVERSAL CONSISTENCY: AN EXPERIMENTAL STUDY OF THE GOLDEN RULE

C-Tier
Journal: Economic Inquiry
Year: 2019
Volume: 57
Issue: 1
Pages: 685-704

Authors (3)

Miguel A. Costa‐Gomes (not in RePEc) Yuan Ju (University of York) Jiawen Li (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We report an experiment that asks whether people in a strategic situation behave according to the Golden Rule, that is, do not treat others in ways that they find disagreeable to themselves, a property that we call role‐reversal consistency. Overall, we find that over three quarters of the subjects are role‐reversal consistent. Regression analysis suggests that this finding is not driven by players maximizing their subjective expected monetary earnings given their stated beliefs about their opponents' behavior. We find that subjects' stated beliefs and actions reveal mild projection bias. (JEL C78, C91)

Technical Details

RePEc Handle
repec:bla:ecinqu:v:57:y:2019:i:1:p:685-704
Journal Field
General
Author Count
3
Added to Database
2026-01-25