Stake Size Effect on Guilt Aversion in Psychological Games Master Thesis <br/>

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Stake Size Effect on Guilt Aversion in Psychological Games Master Thesis

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 52938 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Talebian, Masoud
Abstract:
Guilt aversion, the process of avoiding guilt, when guilt indicates the human sense which is present when they let down other's expectations. As the definition suggests, guilt is related to what one thinks of the others’ thoughts; i.e. the second-order beliefs. Incomplete information models of guilt aversion are the most reliable ones in the literature due to economic experiments. Based on these models, the dictator game and the trust game are applied to measure the degree of guilt aversion. In both the above psychological games, there are two players where Player A has the power to decide about the split of the money. We use the amount of transferred money to Player B is as a sign of guilt aversion in Player A. More specifically, we conduct experiments to test if the stake size, i.e., the amount of prize, could change the degree of guilt aversion
Keywords:
Culture ; Dictator Game ; Trust Game ; Incomplete Information ; Second Order Beliefs

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