Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
885401 | Journal of Economic Psychology | 2007 | 10 Pages |
Abstract
Economic decisions depend on both actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decisions develops with age. We report the results of ultimatum games with children, teens and university students. We find that children and teens react systematically to perceived intentions, like university students do. However, children and teens reject unequal offers much more often than university students, indicating that outcomes are relatively more important than intentions for younger subjects. Hence, the relative importance of intentions increases with age.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Marketing
Authors
Matthias Sutter,