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琼斯一家参观经济实验室

The Joneses Visit an Economics Lab

Mikhail Freer, Daniel Friedman, Christian Ghiglino, Elke Weidenholzer

arXiv 2607.07353首次发表:更新:

发表机构

University of Barcelona; University of Essex; University of California Santa Cruz(巴塞罗那大学; 埃塞克斯大学; 加州大学圣克鲁兹分校)

机构由 AI 辅助整理,请以论文原文为准。

AI 中文总结

研究个人消费与同龄人比较的多种模型,提出通用框架并在实验室实验中比较。发现攀比动机及炫耀性消费受凡勃伦动机影响,七个模型中用基于前景理论价值函数对比嫉妒和骄傲的模型最能解释数据。

AI 中文摘要

现有文献表明个人在意自身消费与同龄人消费的比较,并提出多种解释模型。本文为许多此类模型提出通用框架,并在实验室实验中比较它们预测行为的能力。发现了攀比动机的证据,且炫耀性消费因同龄人观察自己选择产生的凡勃伦动机而增强。在比较的七个准线性偏好模型中,数据最能由一个利用前景理论的价值函数对比嫉妒和骄傲(向上与向下比较)的模型解释。

英文摘要

Existing literature offers persuasive evidence that individuals care about how their consumption compares to that of peers, and proposes a large variety of explanatory models. The present paper proposes a common framework for many of those models, and compares their ability to predict behavior in a laboratory experiment. We find evidence of Keeping up with the Joneses motivations but also find that conspicuous consumption is enhanced by Veblen motivations arising from peers' ability to observe one's own choice. Among the seven quasi-linear preference models we compare, our data are best explained by a model that contrasts envy and pride (upward vs downward comparisons) using a value function borrowed from Prospect Theory.

论文原文

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