What drives failure to maximize payoffs in the lab ? A test of the inequality aversion hypothesis

In experiments based on the Beard and Beil (1994) game, second movers very often fail to select the decision that maximizes both players payoff. This note reports on a new experimental treatment, in which we neutralize the potential effect of inequality aversion on the likelihood of this behavior. We show this behavior is robust to this change, even after allowing for repetition-based learning.

MoreLess

Year of publication:	2011-06
Authors:	Jacquemet, Nicolas ; Zylbersztejn, Adam
Institutions:	HAL
Subject:	Coordination failure \| laboratory experiments \| aversion to inequality

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00611696
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011025856