Thursday 8
Other-Regarding Preferences
Cécile Bazart
› 17:15 - 17:45 (30min)
› Salle 5 - Bâtiment. 2
On the Roots of the Intrinsic Value of Decision Rights: Evidence from France and Japan
Benoît Tarroux  1, *@  , Nobuyuki Hanaki  2, *@  , João Ferreira  3, *@  
1 : University of Rennes 1 and CREM
Centre de recherche en économie et management
Rennes -  France
2 : Université Côte d'Azur et GREDEG
Université de Nice Sophia-Antipolis
Nice -  France
3 : AMSE
Aix-Marseille Université - AMU
Marseille -  France
* : Corresponding author

In a recent experiment, Bartling et al. (2014, EMCA) found that Swiss individuals attach an economically meaningful intrinsic value to make a decision by themselves rather than delegating it to another person. We refine their analysis in order to disentangle how much of such value stems from (i) a preference for independence from others, (ii) a desire for power, or (iii) other motives such as a preference for self-reliance, and conduct a cross-cultural comparison between France and Japan. Our findings suggest that (i) Japanese and French individuals intrinsically value decision rights beyond their instrumental benefit, that (ii) self-reliance is the main rationale behind this intrinsic value in both France and Japan, that (iii) independence is differently valued in the two countries, and that (iv) power is not a motivation in neither of the countries. These results bring new insights into the roots of the preference for being in control, which can be relevant for institutional design.


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