title: Pro-sociality and strategic reasoning in economic decisions.
abstract: We study the relationship between pro-social preferences and strategic reasoning. These aspects are typically studied separately but little is known about their joint distribution. In an experiment, for each participant we elicit individual concerns toward pro-sociality-inequality aversion and efficiency-as well as the number of steps of reasoning through a guessing game. We report that self-regarding and pro-social participants exhibit similar levels of strategic reasoning, which supports the view that pro-sociality and strategic reasoning can be studied independently.
authors.affiliation: Pompeu Fabra University and Barcelona Graduate School of Economics Barcelona, Spain.
authors.forename: Benito
authors.initials: B
authors.lastname: Arruñada
authors.affiliation: Department of Economics, Università di Bologna Bologna, Italy.
authors.forename: Marco
authors.initials: M
authors.lastname: Casari
authors.affiliation: Department of Comunication and Economics, Università degli Studi di Modena e Reggio Emilia Reggio Emilia, Italy.
authors.forename: Francesca
authors.initials: F
authors.lastname: Pancotto
keywords: bounded rationality JEL codes: C91 C92 D63; experiments; homo oeconomicus; social orientation