Social Preferences and Deliberately Stochastic Behavior

In this study, we propose a stochastic choice model to identify the motivations of prosocial behavior. We focus on the role of inequity aversion in outcome-based preferences and the shame of acting selfishly in social concerns. We employ an additively perturbed utility model to social preferences that consists of the sum of expected utility and a non-linear cost function, where the utility function is purely selfish and the cost function depends on social preferences. Using the cost function, we distinguish between stochastic inequity-averse behavior and stochastic shame-mitigating behavior

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Year of publication:	[2022]
Authors:	Hashidate, Yosuke ; Yoshihara, Keisuke
Publisher:	[S.l.] : SSRN
Subject:	Soziale Wohlfahrtsfunktion \| Social welfare function \| Experiment \| Soziales Verhalten \| Social behaviour \| Spieltheorie \| Game theory \| Stochastischer Prozess \| Stochastic process \| Verhaltensökonomik \| Behavioral economics \| Präferenztheorie \| Theory of preferences

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