Guilt Aversion in Economics and Psychology

Charles Bellemare; A. Sebald; Sigrid Suetens

Guilt Aversion in Economics and Psychology

Charles Bellemare, A. Sebald, Sigrid Suetens

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Abstract

We investigate whether the concept of guilt aversion in economics is related to the psychological characterization of the same phenomenon. For trust games and dictator games we report correlations between the guilt sensitivity measured within a framework of psychological games most common in economics and the guilt sensitivity measured using a questionnaire common in psychology (TOSCA-3). We find that the two measures correlate well and significantly in the two settings.

Original language	English
Place of Publication	Tilburg
Publisher	CentER, Center for Economic Research
Number of pages	39
Volume	2019-017
Publication status	Published - 13 May 2019

Publication series

Name	CentER Discussion Paper
Volume	2019-017

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Keywords

guilt sensitivity
psychological game theory
TOSCA
laboratory experiment
guilt aversion

Cite this

Bellemare, C., Sebald, A., & Suetens, S. (2019). Guilt Aversion in Economics and Psychology. (CentER Discussion Paper; Vol. 2019-017). CentER, Center for Economic Research.

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Access to Document

2019-017Submitted manuscript, 812 KB