Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89969
Authors: 
Liu, Elaine M.
Meng, Juanjuan
Wang, Joseph Tao-yi
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7684
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.
Subjects: 
social norm
Confucianism
time preferences
risk aversion
trust
JEL: 
C91
Z10
Document Type: 
Working Paper

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