On the roots of the intrinsic value of decision rights: Experimental evidence
On the roots of the intrinsic value of decision rights: Experimental evidence
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.
Cross-cultural experiment, Decision rights, Independence, Intrinsic value, Power, Self-reliance
110-122
Ferreira, Joao V.
0aad606a-eab0-473c-a230-9b3dfa2d7d93
Hanaki, Nobuyuki
33ae7fa6-d05c-41a1-94f8-36a95a68cdd4
Tarroux, Benoît
3f76c7cb-5292-456f-b29c-cfbe3a43e77c
1 January 2020
Ferreira, Joao V.
0aad606a-eab0-473c-a230-9b3dfa2d7d93
Hanaki, Nobuyuki
33ae7fa6-d05c-41a1-94f8-36a95a68cdd4
Tarroux, Benoît
3f76c7cb-5292-456f-b29c-cfbe3a43e77c
Ferreira, Joao V., Hanaki, Nobuyuki and Tarroux, Benoît
(2020)
On the roots of the intrinsic value of decision rights: Experimental evidence.
Games and Economic Behavior, 119, .
(doi:10.1016/j.geb.2019.10.008).
Abstract
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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Accepted/In Press date: 19 October 2019
e-pub ahead of print date: 24 October 2019
Published date: 1 January 2020
Keywords:
Cross-cultural experiment, Decision rights, Independence, Intrinsic value, Power, Self-reliance
Identifiers
Local EPrints ID: 435726
URI: http://eprints.soton.ac.uk/id/eprint/435726
ISSN: 0899-8256
PURE UUID: a0e5bdfe-4a49-4dd5-8c64-20611e94319f
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Date deposited: 19 Nov 2019 17:30
Last modified: 17 Mar 2024 05:03
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Author:
Nobuyuki Hanaki
Author:
Benoît Tarroux
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