Search Results - subject:"SOCIAL UTILITY"

Double reference points : the effects of social and financial reference points on decisions under risk

Lu, Jingyi; Xie, Xiaofei; Wang, Mei; Tang, Xin - In: Journal of behavioral decision making 28 (2015) 5, pp. 451-463

Persistent link: https://www.econbiz.de/10011536194

Branco, Manuel Couret - Departamento de Economia, Universidade de Évora - 2007

It is said that economics value individual and economic freedom and from that many hastily conclude that mainstream economics value human rights. The purpose of this paper is to show that on the contrary mainstream economics is fundamentally contradictory with many human rights especially...

Persistent link: https://www.econbiz.de/10005577419

Self-serving altruism? The lure of unethical actions that benefit others

Gino, Francesca; Ayal, Shahar; Ariely, Dan - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 285-292

In three experiments, we propose and find that individuals cheat more when others can benefit from their cheating and when the number of beneficiaries of wrongdoing increases. Our results indicate that people use moral flexibility to justify their self-interested actions when such actions...

Persistent link: https://www.econbiz.de/10010702940

Integration of choice probabilities in logit

Delle Site, Paolo - In: Economics Letters 120 (2013) 1, pp. 57-60

We find for logit with income effects a function that generates choice probabilities via Roy’s identity. We show that it possesses all the properties to qualify as an indirect utility, it has a closed-form expression for the practically interesting translog specification of the systematic...

Persistent link: https://www.econbiz.de/10010665678

Self-serving altruism? : the lure of unethical actions that benefit others

Gino, Francesca; Ayal, Shahar; Ariely, Dan - In: Journal of economic behavior & organization : JEBO 93 (2013), pp. 285-292

Persistent link: https://www.econbiz.de/10010198453

AN ANALYTICAL CONSTRUCTION OF CONSTANTINIDES¿ SOCIAL UTILITY FUNCTION

Maliar, Lilia; Maliar, Serguei - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

This paper studies the properties of the social utility function defined by the planner's problem of Constantinides … social utility function analytically. For such well-known classes of utility functions as the HARA and the CES, our … construction is equivalent to Gorman's (1953) aggregation. However, we can also construct the social utility function analytically …

Persistent link: https://www.econbiz.de/10005731304

Let the Dummy Talk! Unilateral Communication and Discrimination in Three-Person Dictator Experiments

Greiner, Ben; Guth, Werner; Ro’i Zultan - Center for the Study of Rationality, Hebrew University … - 2005

To explain why pre-play communication increases cooperation in games, one refers to a) strategic causes such as efficient communication or reputation effects, and b) changes in the utilities due to social processes. Hitherto experimental support for both explanations is mixed and confounded. Our...

Persistent link: https://www.econbiz.de/10005596255

Let the Dummy Talk! - Unilateral Communication and Discrimination in Three-Person Dictator Experiments -

Greiner, Ben; Güth, Werner; Ro'i Zultan - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2005

Persistent link: https://www.econbiz.de/10005704403

Введение в новую методологию экономического анализа

Rubinstein, Alexander Yakovlevich - In: Published articles (2012)

Nash’s equilibriums and the modification of the model of Wicksell –Lindahl for any goods and services with social utility …

Persistent link: https://www.econbiz.de/10010762520

Bounded Rationality in Bargaining Games: Do Proposers Believe That Responders Reject an Equal Split?

Greiner, Ben - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2004

inconsistent with existing models of economic decision making. This includes models of selfish players as well as models of social … utility and reciprocity, even when combined with erroneous decision making. Our data suggests that subjects fail to foresee …

Persistent link: https://www.econbiz.de/10005824134