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Value Orientations, Income and Displacement Effects, and Voluntary Contributions
(with Kenneth S. Chan, James Chowhan, Stuart Mestelman and Mohamed Shehata)
Experimental Economics , 4(2), 183-195, 2001
Abstract: Identifying the value orientations of subjects participating in market or non-market decisions by having them participate in aring game may be helpful in understanding the behaviour of these subjects. This experiment presents the results of changes in the centre and the radius of a value orientationsring in an attempt to discover if the measured value orientations exhibit income or displacement effects. Neither significant income effects nor displacement effects are identified. An external validity check with a voluntary contribution game provides evidence that value orientations from rings centred around the origin of the decision-space explain significant portions of voluntary contributions while value orientations from displaced rings do not.

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