Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China

Elaine Liu, Juanjuan Meng () and Joseph Wang

No 19615, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became significantly less present-based and were inclined to be more trustworthy after being primed by Confucianism. Combining the evidence from the incentivized laboratory experiments and subjective survey measures, we found evidence that Chinese subjects and Taiwanese subjects reacted differently to Confucianism.

JEL-codes: C91 Z10 (search for similar items in EconPapers)
Date: 2013-11
New Economics Papers: this item is included in nep-cul, nep-evo, nep-exp, nep-soc and nep-upt
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Published as Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China , Elaine M. Liu, Juanjuan Meng, Joseph Tao-yi Wang. in Economics of Religion and Culture , Hungerman and Chen. 2014
Published as Liu, Elaine M. & Meng, Juanjuan & Wang, Joseph Tao-yi, 2014. "Confucianism and preferences: Evidence from lab experiments in Taiwan and China," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 104(C), pages 106-122.

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Journal Article: Confucianism and preferences: Evidence from lab experiments in Taiwan and China (2014)
Chapter: Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China (2013)
Working Paper: Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China (2013)
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