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1 – 2 of 2Vivek Suneja and Debashree Das
The objective of the study is to evaluate the impact of social affinity on the strategic choices made by economic agents using the framework of Ultimatum Game. Conventional theory…
Abstract
Purpose
The objective of the study is to evaluate the impact of social affinity on the strategic choices made by economic agents using the framework of Ultimatum Game. Conventional theory underpinning the Ultimatum Game predicts the complete absence of altruistic behaviour wherein the agents are expected to maximise individual monetary payoffs of the agents. The authors' experimental findings disprove this assumption of purely self-interested behaviour of the agents as proposed by orthodox neo-classical utility maximisation model.
Design/methodology/approach
The final outcome of the Ultimatum Game is mutually dependent on the agent's strategic choices, i.e. the proposer's altruistic concern towards the responder and their expectation of altruistic concern by the responder. In this study, the authors evaluate the participant's strategic choice under three levels of partner selection arrangements – (1) stranger, (2) face-to-face interface with a peer and (3) friend.
Findings
From the experimental results, the authors found that the proposers reflected greater degree of altruism towards proposers' partners and also expected greater degree of altruism to be reciprocated by proposers' partners. The proposers were voluntarily willing to offer fair share to proposers' socially close partners and also increasingly expected that the proposers would be willing to accept unfair offers.
Research limitations/implications
The study stresses that the ignorance of the human capacity for altruism runs the serious risk of legitimising narrow-minded selfishness and failure in recognising the capacity for public spiritedness which can distort the range and choice of optimum policy prescriptions. This requires policy makers to adopt a more holistic and less-pessimistic view of human nature.
Originality/value
The authors study offers a novel experimental framework that provides insights on how increase in social affinity can influence both altruistic behaviour and altruistic expectations of the participants, highlighting the inadequacy of the neo-classical maximisation hypothesis predicated on all agents.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-07-2022-0481.
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Keywords
Deepa Halder, Ravi Shekhar Kumar and Debashree Roy
The study uses the meaning transfer model to integrate celebrity advertising and branding under the broad paradigm of celebrity–brand communication. Specifically, the paper aims…
Abstract
Purpose
The study uses the meaning transfer model to integrate celebrity advertising and branding under the broad paradigm of celebrity–brand communication. Specifically, the paper aims to examine the influence of celebrity attributes (authenticity and identification) on brand advocacy and purchase intention through brand personality appeal and brand identification.
Design/methodology/approach
The study adopts two scenario-based research designs (involving nonfictitious and fictitious celebrities) for a cross-sectional structural path analysis.
Findings
Celebrity authenticity, celebrity identification and celebrity–brand congruency significantly influence brand advocacy and purchase intention, with brand personality appeal and brand identification emerging as effective mediators.
Originality/value
The study highlights how vital brand personality appeal and brand identification are in transferring positive perceptions about a celebrity endorser into brand advocacy and purchase intention. These results will allow marketers to realize the relative influence of celebrity attributes on the partnered brand.
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