IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0122215.html
   My bibliography  Save this article

Do Young Children Understand Relative Value Comparisons?

Author

Listed:
  • Joyce F Benenson
  • Henry Markovits
  • Bjorn Whitmore
  • Christophe Van
  • Sara Margolius
  • Richard W Wrangham

Abstract

Many forms of judgments, such as those used in economic games or measures of social comparison, require understanding relative value, as well as the more complex ability to make comparisons between relative values. To examine whether young children can accurately compare relative values, we presented children 4 to 7 years with simple judgments of relative value in two scenarios. Children then were asked to compare the relative values in the two scenarios. Results show that even the youngest children downgraded evaluations of a reward when another has a larger amount, indicating the ability to make relative value judgments. When asked to compare relative values however, only the oldest children were able to make these comparisons consistently. We then extended this analysis to economic game performance. Specifically, previous results using economic games suggest that younger children are more generous than older ones. We replicate this result, and then show that a simple change in procedure, based on the initial study, is sufficient to change young children’s choices. Our results strongly suggest that conclusions regarding young children’s pro-social motives based on relative value comparisons should be viewed cautiously.

Suggested Citation

  • Joyce F Benenson & Henry Markovits & Bjorn Whitmore & Christophe Van & Sara Margolius & Richard W Wrangham, 2015. "Do Young Children Understand Relative Value Comparisons?," PLOS ONE, Public Library of Science, vol. 10(4), pages 1-12, April.
  • Handle: RePEc:plo:pone00:0122215
    DOI: 10.1371/journal.pone.0122215
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0122215
    Download Restriction: no

    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0122215&type=printable
    Download Restriction: no

    File URL: https://libkey.io/10.1371/journal.pone.0122215?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sarah F. Brosnan & Frans B. M. de Waal, 2003. "Monkeys reject unequal pay," Nature, Nature, vol. 425(6955), pages 297-299, September.
    2. Joseph Henrich & Steve J. Heine & Ara Norenzayan, 2010. "The Weirdest People in the World?," RatSWD Working Papers 139, German Data Forum (RatSWD).
    3. Ernst Fehr & Helen Bernhard & Bettina Rockenbach, 2008. "Egalitarianism in young children," Nature, Nature, vol. 454(7208), pages 1079-1083, August.
    4. Fliessbach, Klaus & Weber, Bernd & Trautner, P. & Dohmen, Thomas J. & Sunde, Uwe & Elger, C. E. & Falk, Armin, 2007. "Social comparison affects reward-related brain activity in the human ventral striatum," Munich Reprints in Economics 20362, University of Munich, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chunliang Feng & Yi Luo & Ruolei Gu & Lucas S Broster & Xueyi Shen & Tengxiang Tian & Yue-Jia Luo & Frank Krueger, 2013. "The Flexible Fairness: Equality, Earned Entitlement, and Self-Interest," PLOS ONE, Public Library of Science, vol. 8(9), pages 1-1, September.
    2. Pamela Jakiela & Edward Miguel & Vera Velde, 2015. "You’ve earned it: estimating the impact of human capital on social preferences," Experimental Economics, Springer;Economic Science Association, vol. 18(3), pages 385-407, September.
    3. Susann Fiedler & Dshamilja Marie Hellmann & Angela Rachael Dorrough & Andreas Glöckner, 2018. "Cross-national in-group favoritism in prosocial behavior: Evidence from Latin and North America," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 13(1), pages 42-60, January.
    4. Xiaofeng Wang & Xiaojie Chen & Long Wang, 2020. "Evolution of egalitarian social norm by resource management," PLOS ONE, Public Library of Science, vol. 15(1), pages 1-16, January.
    5. repec:cup:judgdm:v:13:y:2018:i:1:p:42-60 is not listed on IDEAS
    6. Michal Bauer & Julie Chytilová & Barbara Pertold-Gebicka, 2014. "Parental background and other-regarding preferences in children," Experimental Economics, Springer;Economic Science Association, vol. 17(1), pages 24-46, March.
    7. Seeun Jung & Yasuhiro Nakamoto & Masayuki Sato & Katsunori Yamada, 2014. "Misperception of Consumption: Evidence from a Choice Experiment," Working Papers halshs-00965671, HAL.
    8. Dohmen, Thomas, 2014. "Behavioral labor economics: Advances and future directions," Labour Economics, Elsevier, vol. 30(C), pages 71-85.
    9. Etienne Dagorn & David Masclet & Thierry Penard, 2019. "Les expériences sur les préférences individuelles et sociales des enfants et des adolescents : une revue de la litterature," Economics Working Paper Archive (University of Rennes & University of Caen) 2019-11, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    10. Uri Gneezy & Alex Imas, 2016. "Lab in the Field: Measuring Preferences in the Wild," CESifo Working Paper Series 5953, CESifo.
    11. Terence Burnham, 2015. "Public goods with high-powered punishment: high cooperation and low efficiency," Journal of Bioeconomics, Springer, vol. 17(2), pages 173-187, July.
    12. Brocas, Isabelle & Carrillo, Juan D. & Combs, T. Dalton & Kodaverdian, Niree, 2019. "The development of consistent decision-making across economic domains," Games and Economic Behavior, Elsevier, vol. 116(C), pages 217-240.
    13. Sibilla Di Guida & Ido Erev & Davide Marchiori, 2014. "Cross Cultural Differences in Decisions from Experience: Evidence from Denmark, Israel and Taiwain," Working Papers ECARES ECARES 2014-16, ULB -- Universite Libre de Bruxelles.
    14. Hind Dib‐slamani & Gilles Grolleau & Naoufel Mzoughi, 2021. "Is theft considered less severe when the victim is a foreign company?," Post-Print hal-03340844, HAL.
    15. Yamada, Katsunori & Sato, Masayuki, 2013. "Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
    16. Shi, Yun & Cui, Xiangyu & Zhou, Xunyu, 2020. "Beta and Coskewness Pricing: Perspective from Probability Weighting," SocArXiv 5rqhv, Center for Open Science.
    17. Oindrila Dey & Swapnendu Banerjee, 2014. "Status Incentives with Discrete Effort: A Note," Economics Bulletin, AccessEcon, vol. 34(2), pages 1205-1213.
    18. Kyriaki Remoundou & Drichoutis Andreas & Phoebe Koundouri, 2010. "Warm glow in charitable auctions: Are the WEIRDos driving the results?," DEOS Working Papers 1028, Athens University of Economics and Business.
    19. Stephen L. Cheung & Agnieszka Tymula & Xueting Wang, 2022. "Present bias for monetary and dietary rewards," Experimental Economics, Springer;Economic Science Association, vol. 25(4), pages 1202-1233, September.
    20. Fabian Kosse & Thomas Deckers & Pia Pinger & Hannah Schildberg-Hörisch & Armin Falk, 2020. "The Formation of Prosociality: Causal Evidence on the Role of Social Environment," Journal of Political Economy, University of Chicago Press, vol. 128(2), pages 434-467.
    21. Hugh-Jones, David & Ooi, Jinnie, 2023. "Where do fairness preferences come from? Norm transmission in a teen friendship network," European Economic Review, Elsevier, vol. 157(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0122215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.