TY  - JOUR
AU  - Liu, Elaine M
AU  - Meng, Juanjuan
AU  - Wang, Joseph Tao-yi
TI  - Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 19615
PY  - 2013
Y2  - November 2013
DO  - 10.3386/w19615
UR  - http://www.nber.org/papers/w19615
L1  - http://www.nber.org/papers/w19615.pdf
N1  - Author contact info:
Elaine M. Liu
Department of Economics
University of Houston
McElhinney Hall 223D
Houston, TX 77004
Tel: 713/743-3861
Fax: 713/743-3798
E-Mail: emliu@uh.edu

Juan-Juan Meng
Department of Applied Economics
Guanghua School of Management
Rm. 323, Hall 2
Peking University
Beijing 100871, China
E-Mail: jumeng@gsm.pku.edu.cn

Joseph T. Wang
National Taiwan University
Department of Economics
Taipei, Taiwan
E-Mail: josephw@ntu.edu.tw
M1  - published as Elaine M. Liu, Juanjuan Meng, Joseph Tao-yi Wang. "Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China," in Daniel Hungerman and Daniel L. Chen, editors, "Economics of Religion and Culture" Elsevier, Journal of Economic Behavior and Organization, Volume 104 (2014)

M3  - presented at "Economics of Religion and Culture", March 8-9, 2013
AB  - 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.
ER  -