Universität Bonn

Department of Economics / IAME

17. September 2026

Publication: “Eliciting moral preferences under image concerns: Theory and experiment” by Armin Falk and coauthors “Eliciting moral preferences under image concerns: Theory and experiment”

The article “Eliciting moral preferences under image concerns: Theory and experiment” by Roland Bénabou, Armin Falk, Luca Henkel, and Jean Tirole was published in Games and Economic Behavior.

Falk, Armin
Falk, Armin © ECONtribute
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Abstract

We analyze how the impact of image motives on behavior varies with two key features of the choice mechanism: single versus multiple decisions, and certainty versus uncertainty of consequences. Using direct elicitation (DE) versus multiple-price-list (MPL) or equivalently Becker-DeGroot-Marschak (BDM) schemes as exemplars, we develop a game-theoretic model to characterize how image-seeking inflates prosocial giving. The signaling bias (relative to true preferences) is shown to depend on the interaction between elicitation method and visibility level: it is greater under DE for low image concerns, and greater under MPL/BDM for high ones. We experimentally test the model’s predictions and find the predicted crossing effect.

Roland Bénabou, Armin Falk, Luca Henkel, and Jean Tirole. “Eliciting moral preferences under image concerns: Theory and experiment.” Games and Economic Behavior 160 (November 2026): Article 104044. https://doi.org/10.1016/j.geb.2026.104044.

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