Moral Emotions and Partnership Volume 5 Jena Economic Research Papers 2011-06-28 2011 2007 2011-028 social preferences other-regarding behaviour experiments psychological game theory guilt aversion guilt from blame shame beliefs emotions partnership moral hazard principal agent Actual behaviour is influenced in important ways by moral emotions, for instance guilt or shame (see, among others, Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psychological games aim to consider such emotions to explain other-regarding behaviour. Our experimental study links recent advances in psychological theory on moral emotions to belief-dependant models in economics. We find that – in addition to second-order beliefs and promises – individuals’ disposition to guilt (their proneness to respond in an evaluative way to personal transgressions) is an important determinant of pro-social behaviour. jportal_jpjournal_00000016 2012-05-08T13:16:30.195Z 2011-06-28T13:05:09.055Z