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In this experiment I study a novel three-player ultimatum game in which two proposers with unequal amounts of money simultaneously submit offers to one responder, who may accept at most one offer. I compare the predictions of inequity aversion, advantage seeking, and self-interest. Unlike...
Persistent link: https://www.econbiz.de/10010688115
We study how individuals adjust their judgment of fairness and unfairness when they are in the position of spectators …
Persistent link: https://www.econbiz.de/10011077017
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can … inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …
Persistent link: https://www.econbiz.de/10010361425
We experimentally show that current models of reciprocity are incomplete in a systematic way using a new variant of the ultimatum game that provides second-movers with a marginal-cost-free punishment option. For a substantial proportion of the population, the degree of first-mover unkindness...
Persistent link: https://www.econbiz.de/10010594622
that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the … benevolence in the domain of advantageous inequality is similar across decision makers. A consequence for the frequency of … preference types is that while a substantial fraction of individuals is classified as inequality averse, this type disappears …
Persistent link: https://www.econbiz.de/10011116894
Experimental evidence from dictator games and simple choice situations indicates concerns for fairness and social … welfare in human decision making. At the same time, models of inequality averse agents fail to explain the experimental data … linear model of altruism and inequality aversion which reconciles inequality aversion with departures from distributional …
Persistent link: https://www.econbiz.de/10010573083
groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for …
Persistent link: https://www.econbiz.de/10010594596
find that individuals' risk preferences are predictive for giving in both experiments. Increased risk exposure of … correlated with giving in the absence of risk. We find limited support for existing models of ex-post and ex-ante fairness. Our …
Persistent link: https://www.econbiz.de/10011565561
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common … pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most … they argue for or against mandatory participation? Should we have less redistribution and more actuarial fairness? How does … this depend on the type of redistribution involved?. -- redistribution ; fairness ; pension ; insurance ; experiment …
Persistent link: https://www.econbiz.de/10008653416