In this note we present an experiment to compare the two competing fairness theories by Bolton / Ockenfels and Fehr / Schmidt. For most experiments that these theories have previously been applied to, they make similar predictions so that it is difficult to compare their predictive accuracy. We...

We present a striking example of the deconstruction and reconstruction of an anomaly. In line with previous experiments we show in a one-shot setting that the allegedly robust false consensus e¤ect disappears if representative information is readily available. But the effect reappears if a...