Preferences for Power

Pikulina, Elena; Tergiman, Chloe

doi:10.2139/ssrn.3025621

Cited by 4 publications

(2 citation statements)

References 65 publications

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“…One possible explanation is that individuals enjoy exercising power over others (Pikulina & Tergiman, 2018) or attempting to guess their preferences.…”

Section: Discussionmentioning

confidence: 99%

Behavioral economic phenomena in decision-making for others

Ifcher

Zarghamee

2020

Journal of Economic Psychology

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Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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“…One possible explanation is that individuals enjoy exercising power over others (Pikulina & Tergiman, 2018) or attempting to guess their preferences.…”

Section: Discussionmentioning

confidence: 99%

Behavioral economic phenomena in decision-making for others

Ifcher

Zarghamee

2020

Journal of Economic Psychology

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“…Prior work suggests that individuals have a taste for agency, the ability to influence outcomes. See, for instance, Fehr et al ( 2013), Bartling et al (2014), and Pikulina and Tergiman (2020). When operating alone, or in a group using unanimity, agency is guaranteed-in both cases, a decision can only be made after each participant has cast a vote.…”

Section: Hasty Majority Decisions and A Demand For Agencymentioning

confidence: 99%

Individual and Collective Information Acquisition: An Experimental Study

Reshidi¹,

Lizzeri²,

Yariv³

et al. 2021

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Many committees-juries, political task forces, etc.-spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such informationcollection processes. We consider decisions governed by individuals and groups and compare how voting rules affect outcomes. We also contrast static information collection, as in classical hypothesis testing, with dynamic collection, as in sequential hypothesis testing. Several insights emerge. Static information collection is excessive, and sequential information collection is nonstationary, producing declining decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions. Nonetheless, sequential information collection is welfare enhancing relative to static collection, particularly when unanimous rules are used.

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On the roots of the intrinsic value of decision rights: Experimental evidence

Ferreira

Hanaki

Tarroux

2020

Games and Economic Behavior

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This paper aims to investigate the motives behind an intrinsic value of decision rights.Based on a series of experimental treatments conducted in France and Japan, we measure how much of such potential value stems from (i) a desire for independence from others, (ii) a desire for power, or (iii) a desire for self-reliance. We find that both Japanese and French subjects attach a significant intrinsic value to hold control. Surprisingly, we find that self-reliance is the only significant motive behind it in both countries.

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Preferences for Power

Cited by 4 publications

References 65 publications

Behavioral economic phenomena in decision-making for others

Behavioral economic phenomena in decision-making for others

Individual and Collective Information Acquisition: An Experimental Study

On the roots of the intrinsic value of decision rights: Experimental evidence

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