The relationship between risk in the environment, risk aversion and inequality aversion is not well understood …. Theories of fairness have typically assumed that pie sizes are known ex-ante. Pie sizes are, however, rarely known ex ante … with varying degrees of risk (“endowment risk”) influence individual behavior. We derive theoretical predictions for these …

located at the bottom of the income distribution, where risk aversion cannot play any role. …

-related variables such as people's job satisfaction and performance depend on procedural justice, perceived uncertainty, and risk … aversion such that risk seeking people react less positively and at times negatively to the same fair procedures that appeal to … risk averse people. Our results suggest that one possible reason for these effects is that being treated fairly reduces …

fairness makes it focal or because many individuals dislike payoff inequities, as abundant experimental evidence suggests. In … group of players who either go for the risk dominant equilibrium or act in a boundedly rational manner. This heterogeneity …

Willingness to take risk depends on whether the risk affects others as well as oneself and on how the risk affects oneś … apparent whether the unfair safe social outcome benefits them or the other. Subjects are also more risk averse when facing … tendency to avoid social lotteries that impose a risk on the other. An attempt to reconcile those findings with standard models …

Recent theories of fairness (e.g., Bolton & Ockenfels, 2000; Fehr & Schmidt, 1999) have typically used the assumption … simple allocation problem known as dictator game, I find that attitude to fairness is systematically and intuitively related … to risk and risk attitude. Results from informal experiments support the model proposed here …