What do we expect of others? Expected generosity in one-shot interactions

Economics

Speaker:Ismael Rodriguez-Lara, Middlesex University London
Date: Friday 26 September 2014
Time: 16.15 - 17.45
Location: Bateman Lecture Theatre, Building One

Further details

What do we expect of others? Do we expect people to be generous? Are our expectations, to some extent, related to the size of the stakes or our personal involvement in the outcome? Do we suffer from wishful thinking? We investigate expectations on generosity by means of a series of controlled experiments. We recruited a total of 205 subjects and elicit their expectations about the dictator's behavior in the dictator game. Despite differences in the roles, involvement in the game, or the variation of stakes, our results are conclusive: subjects seldom expect that dictators behave selfish, and the majority of subjects expect the equal division. This, in turn, implies that generosity is not only observed, but also expected by subjects.