Abstract
Prospect theory holds human to code gains or losses perspectives relative to an individual reference point to guide our actions. Monetary losses loom larger in human than the joy over gains – but does this hold for social status changes? Testing prospect theory for social status striving in the realm of socioeconomics helps understand the underlying mechanisms of social identity and social dominance theories. In two field experiments, social status prospects relative to an individual’s reference point were found to influence social decision-making and action. Social status depletion was outlined in order to avoid repetition to drive social responsibility in the sustainability domain. Two field observations of environmentally conscientious recycling behavior and sustainable energy consumption at a North American university campus capture social status losses resulting in higher ethicality than social status gains. Ethicality as a socially appreciated, noble contribution to society may offer the prospect of social status gains resuscitation opportunities given the societal respect for altruism and pro-social acts. Social responsibility grants social status elevation opportunities. An Überethical filling of legal gaps or outperforming of regulatory obligations thereby is likely to occur after social status drops. Social status losses are identified as significant drivers of socially responsible environmental conscientiousness. Social forces thereby promise to become an effective means for accomplishing positive societal change.
Financial support of the Association for Social Economics, Austrian Academy of Science, Austrian Federal Ministry of Science, Austrian Office of Science and Technology at the Austrian Embassy to the United States of America, Bard Center for Environmental Policy, Research and Economy, Eugene Lang Liberal Arts College of The New School, Fritz Thyssen Foundation, George Washington University, ideas42, International Institute for Applied Systems Analysis, Janeway Center Fellowship, the New School for Social Research, New School University Senate, Prize Fellowship in the Inter-University Consortium of New York, Science and Technology Global Consortium, University of Kent, University of Vienna, Vernon Art and Science and the Vienna University of Economics and Business is gratefully acknowledged. The author declares no conflict of interest. All omissions, errors and misunderstandings in this piece are solely the author’s.
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Puaschunder, J.M. (2018). Ethical Decision-Making Under Social Uncertainty. In: Marques, J. (eds) Handbook of Engaged Sustainability. Springer, Cham. https://doi.org/10.1007/978-3-319-71312-0_34
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