Market interaction and efficient cooperation

Brandts, Jordi; Riedl, Arno

doi:10.1016/j.euroecorev.2019.103318

Cited by 10 publications

(3 citation statements)

References 47 publications

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“…Such a market mindset emphasizes competition, rationality, logical thinking, efficiency, and equal exchange, often leading individuals to prioritize self‐interest as the appropriate behaviour (Fosgaard et al, 2017) and ultimately resulting in individuals behaving unethically or reducing trust, cooperation, etc. (Brandts & Riedl, 2020; Falk & Szech, 2013; Vohs et al, 2006; Xin & Liu, 2013; Zhang & Xin, 2019). Combined with previous research, our results found that evoking the market mindset not only hurts prosocial behaviours that require significant effort (Bartling et al, 2014; Kirchler et al, 2015), but also inhibits low‐cost prosocial behaviours such as social mindfulness (Van Doesum, et al, 2013; Van Doesum, et al, 2017).…”

Section: Discussionmentioning

confidence: 99%

The market mindset erodes social mindfulness

Xiao,

Xin

2023

Asian J of Social Psycho

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Previous studies have mainly explored the impacts of social mindfulness on social behaviours (e.g., cooperation), little is known about crucial macro social environment factors that affect social mindfulness, like the market economy. With the development of the market economy, people typically acquire the self‐centred and rational market mindset which may suppress social mindfulness. Therefore, the current study aimed to examine the causal relationship between the market mindset and social mindfulness, as well as the psychological mechanism behind the effect. In Study 1, participants whose market mindset was activated by recalling market experiences showed lower social mindfulness than those whose non‐market mindset was activated by recalling other experiences. Studies 2 and 3 explored the mediation of perspective taking and state empathy behind the detrimental effect. It was found that the relationship between the market mindset and social mindfulness was mediated by perspective taking rather than by state empathy. Together, the present three studies expand the existing literature on the relationship between the market mindset and social mindfulness and remind policymakers to pay attention to the adverse effects of the market mindset on social mindfulness.

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Section: Discussionmentioning

confidence: 99%

The market mindset erodes social mindfulness

Xiao,

Xin

2023

Asian J of Social Psycho

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“…However, lately theoretical arguments have been put forward stating that preferences are state-dependent and may respond to external circumstances, such as economic incentives and the environment a decision-maker is immersed in (Bowles and Polania-Reyes, 2012). Additionally, laboratory experiments show that previous exposure to specific environments may have spillover effects on behavior, preferences, and beliefs (see, e.g., Brandts and Riedl, 2020;Engl et al, 2021, and the references therein).…”

Section: Introductionmentioning

confidence: 99%

The Robustness of Preferences During a Crisis: The Case of COVID-19

Bokern,

Linde,

Riedl

et al. 2023

SSRN Journal

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“…From a theoretical perspective, preferences may respond to external circum-stances, such as economic incentives and the environment a decision-maker is confronted with (Bowles and Polania-Reyes, 2012). Laboratory experiments show for instance that previous exposure to economic institutions may have spillover effects on behavior (see, for example, Brandts and Riedl, 2020;Engl et al, 2021, and the references therein). A possible shift in preferences following the experience of the COVID-19 crisis might affect economic behavior in a wide range of domains, including longer-term economic and social developments that determine a country's recovery from the crisis.…”

Section: Introductionmentioning

confidence: 99%

Measuring is knowing?

Bokern

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The years of my PhD have been an invaluable and for the most part enjoyable experience. I enjoyed the freedom that comes with a PhD, a luxury hard to match in the future. I enjoyed teaching and the thought that at least some students picked up a thing or two from my classes. I enjoyed doing research, cleaning and analyzing data, and presenting my work. But most of all I enjoyed meeting people, be it at work, at conferences, at summer schools, or during my research visit. It would not have been the same without your inspiration, support, and necessary distractions.Let me first thank my supervisors Arno Riedl, Hans Schmeets, Peter Werner, and Jona Linde. If it weren't for you and the project you hired me for, I probably would not have done a PhD. Thanks for believing in me back then and throughout the project. I learned a lot from each of you and am deeply grateful for your support and time (most of our meetings ran late). Arno, thanks for encouraging me to meet people, attend conferences and present my work. I don't think I realized at the start how invaluable these experiences are. Thanks also for keeping my spirits up with zucchini seedlings, Austrian cookies and chocolate, and dinner at your place. Hans, thanks for always providing a different perspective as my only non-econ supervisor; it helped to see the bigger picture. Thanks also for the beers and pizza in your beautiful garden. It is a great place to discuss future plans with your supervisors. Peter, thanks for always having your (virtual) door open to quickly discuss research, it really helped when I was stuck on something. You also impressed me with your ability to quickly write things up and yet your meticulousness when it comes to final work -even after multiple drafts of my chapters, you still managed to find mistakes. Jona, thanks for having borne the responsibility to make sure things moved forward. Thanks also for the nice dinner after helping you out with some oral exams. I am sure we will stay in touch.Next to my supervisors, I owe thanks to several others involved in the completion of this thesis. Seun, we were largely in the same boat. Thanks for sharing some of the same struggles. Thanks to Steffen Altmann, Thomas Dohmen, Alwin Oerlemans, Maarten Post, and Jeroen van Velzen for being part of the Advisory Committee and providing valuable comments and suggestions. Thanks to Lisa Br üggen, Thomas Dohmen, Rogier Potter van Loon, and Charles Sprenger for reading and assessing my thesis.Hoofdstuk 3 en 4 onderzoeken respectievelijk de stabiliteit van voorkeuren na levensgebeurtenissen en tijdens de COVID-19 crisis. Stabiele voorkeuren worden vaak impliciet verondersteld, maar het is belangrijk dat deze veronderstelling empirisch wordt gevalideerd. Hoofdstuk 3 onderzoekt het effect van een (recent) huwelijk, scheiding en ouderschap op risico-, tijds-en sociale voorkeuren. De bevindingen tonen aan dat er slechts enkele kortdurende effecten zijn. Belangrijk is echter dat de resultaten van de revealed en stated methoden grotendeels niet overeenkomen. Ho...

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Market interaction and efficient cooperation

Cited by 10 publications

References 47 publications

The market mindset erodes social mindfulness

The market mindset erodes social mindfulness

The Robustness of Preferences During a Crisis: The Case of COVID-19

Measuring is knowing?

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