NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Joseph T. Wang

National Taiwan University
Department of Economics
Taipei, Taiwan

E-Mail: josephw@ntu.edu.tw

NBER Working Papers and Publications

November 2013Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China
with Elaine M. Liu, Juanjuan Meng: w19615
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.

Published:

March 2013Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China
with Elaine M. Liu, Juanjuan Meng
in Economics of Religion and Culture, Daniel Hungerman and Daniel L. Chen, editors
 
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