Personality preferences in laboratory economics experiments

Swope, Kurtis; Cadigan, John; Schmitt, Pamela; Shupp, Robert

doi:10.1016/j.socec.2006.12.065

Cited by 68 publications

(46 citation statements)

References 16 publications

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“…For instance, Van Lange et al (1997) …nd that age, childhood experiences, and family structure are all related to social preferences. Also, Swope et al (2008) …nd a weak relationship between between the personality traits of United States Naval Academy students and behavior in the dictator game, ultimatum game, trust game, and prisoner's dilemma game.…”

Section: Related Literaturementioning

confidence: 99%

Too Smart to Be Selfish? Measures of Intelligence, Social Preferences, and Consistency

et al. 2011

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Although there is an increasing interest in examining the relationship between cognitive ability and economic behavior, less is known about the relationship between cognitive ability and social preferences. We investigate the relationship between strongly incentivized measures of intelligence and measures of social preferences. We have data on a series of small-stakes dictator-type decisions, known as Social Value Orientation (SVO), in addition to choices in a larger-stakes dictator game. We also have access to the grade point averages (GPA) and Scholastic Aptitude Test (SAT) outcomes of our subjects. We …nd that subjects who perform better on the math portion of the SAT are more generous in both the dictator game and the SVO measure. By contrast we …nd that subjects with a higher GPA are more sel…sh in the dictator game and more generous according to the SVO. We also …nd that the consistency of the subjects is related to GPA but we do not …nd evidence that it is related to either portion of the SAT.

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Section: Related Literaturementioning

confidence: 99%

Too Smart to Be Selfish? Measures of Intelligence, Social Preferences, and Consistency

et al. 2011

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“…Studies have indicated a moderate-to-weak, positive correlation between Extraversion and altruism (Ben-Ner and Kramer 2011;Oda et al 2014). Swope et al (2008), however, found no relation between personality correlates and amount given in an altruism game.…”

Section: Introductionmentioning

confidence: 97%

The Bright and Dark Side of Altruism: Demographic, Personality Traits, and Disorders Associated with Altruism

et al. 2014

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This study looked at personality trait and personality disorder correlates of self-rated altruism. In two studies over 4,000 adult British managers completed a battery of tests including a 'bright side' personality trait measure (HPI); a 'dark side'/disorders measure (HDS), and a measure of their Motives and Values which included Altruism. The two studies showed similar results revealing that those who were low on Adjustment (Neuroticism) but high on Interpersonal Sensitivity (Agreeableness), Prudence (Conscientiousness) and Inquisitiveness (Openness) were more likely to value Altruism and be motivated to commit altruistic acts which concerns helping others and creating an environment that places emphasis on customer service. Those more interested in ''Getting Along'' with others were more Altruistic than those more interested in ''Getting Ahead'' of others. Implications for the selection and management of altruistic people in a business are considered. Limitations and future directions of this research are also noted.

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“…Dolbear and Lave (1966) test participants on three different prisoner dilemma games and do not find any systematic connection with their risk preferences. Swope et al (2008) combine a prisoner's dilemma with a psychological personality test, which turns out to be insignificant. Boone et al (1999) do not find a significant effect of psychological measures for locus of control, self-monitoring, aggressiveness and sensation seeking in an anonymous one-shot prisoner's dilemma.…”

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confidence: 99%

When is the risk of cooperation worth taking? The prisoner’s dilemma as a game of multiple motives

Engel

Zhurakhovska

2016

Applied Economics Letters

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Both in the field and in the lab, participants frequently cooperate, despite the fact that the situation can be modelled as a simultaneous, symmetric prisoner's dilemma. This experiment manipulates the payoff in case both players defect, and explains the degree of cooperation by a combination of five motives: the size of gains from cooperation, expectations about cooperativeness in the population in question, the degree of risk and loss aversion, and the degree by which a participant is averse to inequity. Information about these motivational forces stems from additional within subjects tests. All five factors are significant only if one controls for all the other motives, which suggests that a prisoner's dilemma is a game jointly characterised by these five motives. The need to control for the remaining explanations seems to be the reason why earlier attempts at explaining choices in the prisoner's dilemma with personality have not been successful.JEL: C72, C91, D03, H41

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Personality preferences in laboratory economics experiments

Cited by 68 publications

References 16 publications

Too Smart to Be Selfish? Measures of Intelligence, Social Preferences, and Consistency

Too Smart to Be Selfish? Measures of Intelligence, Social Preferences, and Consistency

The Bright and Dark Side of Altruism: Demographic, Personality Traits, and Disorders Associated with Altruism

When is the risk of cooperation worth taking? The prisoner’s dilemma as a game of multiple motives

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