High-status individuals are held to higher ethical standards.

Although there is evidence for the generosity of high-status individuals, there seems to be a strong perception that the elites are selfish and contribute little to others' welfare, and even less so than poorer people. We argue that this perception may derive from a gap between normative and empirical expectations regarding the behavior of the elites. Using large-scale survey experiments, we show that high-status individuals are held to higher ethical standards in both the US and China, and that there is a strong income gradient in normatively expected generosity. We also present evidence for a gap between people's normative expectations of how the rich should behave, and their empirical expectations of how they actually do: empirical expectations are generally lower than both normative expectations and actual giving.

Value of statistical life year in extreme poverty: a randomized experiment of measurement methods in rural Burkina Faso.

BACKGROUND: Value of a Statistical Life Year (VSLY) provides an important economic measure of an individual's trade-off between health risks and other consumption, and is a widely used policy parameter. Measuring VSLY is complex though, especially in low-income and low-literacy communities. METHODS: Using a large randomized experiment (N = 3027), we study methodological aspects of stated-preference elicitation with payment cards (price lists) in an extreme poverty context. In a 2 × 2 design, we systematically vary whether buying or selling prices are measured, crossed with the range of the payment card. RESULTS: We find substantial effects of both the pricing method and the list range on elicited VSLY. Estimates of the gross domestic product per capita multiplier for VSLY range from 3.5 to 33.5 depending on the study design. Importantly, all estimates are economically and statistically significantly larger than the current World Health Organization threshold of 3.0 for cost-effectiveness analyses. CONCLUSIONS: Our results inform design choice in VSLY measurements, and provide insight into the potential variability of these measurements and possibly robustness checks.

Experiencing risk: Higher-order risk attitudes in description- and experience-based decisions.

Risky decisions are often characterized by (a) imprecision about consequences and their likelihoods that can be reduced by information collection, and by (b) unavoidable background risk. This article addresses both aspects by eliciting risk attitude, prudence, and temperance in decisions from description and decisions from experience. The results reveal a novel description-experience gap for prudence and replicate the known gap for risky decisions. While widespread prudence has been observed in decisions form description, we find no evidence of prudent decision making from experience. In decisions from experience people are strongly influenced by the sampled mean, while skewness plays a smaller role than in decisions from description. (PsycInfo Database Record (c) 2021 APA, all rights reserved).

Gender Bias in the Evaluation of Teaching Materials.

Gender differences in university teaching evaluations are well established, showing less favorable assessments of female instructors. It has also been shown that these differences cannot be linked to differences in students' course performance, which would justify differences in evaluations. The less favorable assessments are thus either due to differences in aspects that do not affect student performance, but do affect their class experience (e.g., likability of voice tone), or due to evaluation biases unrelated to any actual differences in class experience. We find support for the latter mechanism when any differences between instructors are excluded by having respondents judge identical teaching materials prepared by either a male or a female instructor. In two studies, we find that female instructors receive worse ratings than male instructors from male respondents. In one study, we also find that female instructors receive higher ratings from female raters. Gender bias vanishes for non-academic subjects in our data.

Marriage, parenthood and social network: Subjective well-being and mental health in old age.

Parenthood, marital status and social networks have been shown to relate to the well-being and mental health of older people. Using a large sample of respondents aged 50 and older from 16 European countries, we identify the associations of well-being and mental health with family status. Making use of detailed social network data of the respondents, we also identify how different social support networks correlate with the well-being and health indicators. We observe positive associations for all network types, over and beyond any direct associations of family status with well-being. Results suggest that non-residential children are important providers of social support for their parents at older age.

Testosterone inhibits trust but promotes reciprocity.

The steroid hormone testosterone has been associated with behavior intended to obtain or maintain high social status. Although such behavior is typically characterized as aggressive and competitive, it is clear that high social status is achieved and maintained not only through antisocial behavior but also through prosocial behavior. In the present experiment, we investigated the impact of testosterone administration on trust and reciprocity using a double-blind randomized control design. We found that a single dose of 0.5 mg of testosterone decreased trust but increased generosity when repaying trust. These findings suggest that testosterone may mediate different types of status-seeking behavior. It may increase competitive, potentially aggressive, and antisocial behavior when social challenges and threats (i.e., abuse of trust and betrayal) need to be considered; however, it may promote prosocial behavior in the absence of these threats, when high status and good reputation may be best served by prosocial behavior.

Social Class and (Un)Ethical Behavior: A Framework, With Evidence From a Large Population Sample.

Differences in ethical behavior between members of the upper and lower classes have been at the center of civic debates in recent years. In this article, we present a framework for understanding how class affects ethical standards and behaviors. We apply the framework using data from a large Dutch population sample. The data include objective measures of class, survey responses relating to ethical behavior, and results from an experiment designed to probe ethical choices. Ethical behavior proves to be affected by (a) moral values, (b) social orientation, and (c) the costs and benefits of taking various actions. Strong class differences emerge in each of these areas, leading to differences in behavior. Moreover, strong differences among different conceptions of class (wealth, education, etc.) produce additional variation. We argue that the relationship between class and ethical behavior is far from a simple pattern; it is a complex mosaic.

Pricing risk and ambiguity: the effect of perspective taking.

In the valuation of uncertain prospects, a difference is often observed between selling and buying perspectives. This paper distinguishes between risk (known probabilities) and ambiguity (unknown probabilities) in decisions under uncertainty and shows that the valuation disparity increases under ambiguity compared to risk. It is found that both the comparative versus noncomparative evaluation of risky and ambiguous prospects and the uniqueness of the valuation perspective (either seller or buyer) moderate this increase in the disparity under ambiguity. The finding is consistent with recent theoretical accounts of pricing under uncertainty. We discuss implications for market behaviour and for the ambiguity paradigm as a research tool.

Prospect theory or construal level theory? Diminishing sensitivity vs. psychological distance in risky decisions.

Attitudes toward risks are central to organizational decisions. These attitudes are commonly modeled by prospect theory. Construal level theory has been proposed as an alternative theory of risky choice, accounting for psychological distance deriving from temporal, spatial and social aspects of risk that are typical of agency situations. Unnoticed in the literature, the two theories make contradicting predictions. The current study investigates which theory provides a better description of risky decisions in the presence of temporal, spatial, and social factors. We find that the psychophysical effects modeled by prospect theory dominate the psychological distance effects of construal level theory.