ENDOWMENTS, PERCEIVED SIMILARITY, AND DICTATOR GIVING.

A common assumption of money is that it is fungible. An implication of this assumption is that the source of money does not affect economic decision making. We find evidence contradicting this fungibility assumption. Specifically, we explore how the perception of an endowment source influences amoun...

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Published in:Economic Inquiry Vol. 55; no. 2; pp. 1130 - 1145
Main Authors: Goerg, Sebastian J., Johnson, David B., Rogers, Jonathan D.
Format: Article
Published: Wiley-Blackwell Apr2017
Subjects:
Online Access:View this record in EBSCOhost
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        10.1111/ecin.12408
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        atl: ENDOWMENTS, PERCEIVED SIMILARITY, AND DICTATOR GIVING.
      aug:
        au:
          Goerg, Sebastian J.
          Johnson, David B.
          Rogers, Jonathan D.
        affil:
          Department of Economics, Florida State University, Tallahassee FL, 32306‐2180.
          Department of Economics, Finance and Marketing, University of Central Missouri, Warrensburg MO, 64093.
          Social Science Experimental Laboratory, New York University Abu Dhabi (NYUAD), Abu Dhabi UAE
      su:
        Income
        Economics
        Endowments
        Economic decision making
        Charitable giving
        Economic research
      sug:
        subj:
          Income
          Economics
          Research and Development in the Social Sciences and Humanities
          Grantmaking Foundations
          Endowments
          Economic decision making
          Charitable giving
          Economic research
      ab: A common assumption of money is that it is fungible. An implication of this assumption is that the source of money does not affect economic decision making. We find evidence contradicting this fungibility assumption. Specifically, we explore how the perception of an endowment source influences amounts sent in a dictator game. We find perceived similarity to the endowment provider to be negatively correlated with dictator offers. Dictators who consider themselves relatively more similar to their endowment provider send significantly smaller amounts to their partners. Our results demonstrate that economic decision making can be influenced by the provider of income shocks. ( JEL C78, C91, C99, D31, D64, D74)
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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