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Are Self-regarding Subjects More Rational?
- Authors: Marcos Casarin and Benito Arruñada.
- BSE Working Paper: 110097 | September 15
- Keywords: steps of reasoning , other-regarding preferences
- JEL codes: C91, C92, D63
- steps of reasoning
- other-regarding preferences
Abstract
Through an experiment, we investigate how the level of rationality relates to concerns for equality and efficiency. Subjects perform dictator games and a guessing game. More rational subjects are not more frequently of the self-regarding type. When performing a comparison within the same degree of rationality, self-regarding subjects show more strategic sophistication than other subjects.
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