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Current social utility models posit fairness as a motive for certain types of strategic behavior. The models differ, however, with respect to how fairness is measured. Distribution models measure fairness in terms of relative payoff comparisons. Reciprocal-kindness models measure fairness in...
Persistent link: https://www.econbiz.de/10005753249
What we now label as "fair behavior" often differs from philopsophical norions of the concept. Establishing a clear understanding of the empirical nature of fairness is important if we are to gauge teh impact fairness has on economic and political institutions.[...]
Persistent link: https://www.econbiz.de/10005867003
Several current social utility models posit fairness as a motive for certain types of strategic behavior. The models differ sharply with respect to how fairness is measured. Distribution models measure fairness in terms of relative payoff comparisons. Reciprocal-kindness models measure fairness...
Persistent link: https://www.econbiz.de/10005867019
Laboratory market experiments observe a sharp dichotomy between (selfish) competitive behavior and fair-minded social behavior depending on competitive conditions. While the dichotomy is consistent with social preference theory, the often advanced hypothesis that social behavior is an artifact...
Persistent link: https://www.econbiz.de/10010737925
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Adaptive learning and punishment are highly prominent competing explanations for ultimatum game behavior. We report on an experiment that considers each theory in stand-alone form, so that one does not rely on the other in any substantial way. Our data exhibits patterns for which punishment can...
Persistent link: https://www.econbiz.de/10004968239
In both dictator and impunity games, one player, the dictator, divides a fixed amount of money between himself and one other, the recipient. Recent lab studies of these games have produced seemingly inconsistent results, reporting substantially divergent amounts of dictator giving. Also, one...
Persistent link: https://www.econbiz.de/10005598498
We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders.
Persistent link: https://www.econbiz.de/10005866673