TY  - RPRT
        AU  - Liu, Elaine M.
AU  - Meng, Juanjuan
AU  - Wang, Joseph Tao-yi
        TI  - Confucianism and Preferences: Evidence from Lab Experiments in Taiwan and China
        PY  - 2013/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7684
        UR  - https://www.iza.org/index.php/publications/dp7684
        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.
        KW  - social norm
KW  - Confucianism
KW  - time preferences
KW  - risk aversion
KW  - trust
        ER  -