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How do people trade off efficiency against equality concerns? To study this question, we conducted a modified mini ultimatum game (N=120) in which proposers were asked to choose between offering 8:2 and y:y, y∈{5, 4.5, 4,.., 0.5}; all offers in Euro. According to the data, 58 of 60 proposers...
Persistent link: https://www.econbiz.de/10013084331
Departures from "economic man" behavior in many games in which fairness is a salient characteristic are now well … assume agents have preferences for equity and efficiency as well as their own material payoffs. Empirical failure of the … that have higher efficiency and greater equity …
Persistent link: https://www.econbiz.de/10014185562
We test an implication that is common to all prominent theories of outcome-based other-regarding preferences: the …
Persistent link: https://www.econbiz.de/10012895003
We assess the empirical validity of the overall theoretical framework of other-regarding preferences by focusing on those preference axioms that are common to all the prominent theories of outcome-based other-regarding preferences. This common set of preference axioms leads to a testable...
Persistent link: https://www.econbiz.de/10009306937
a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …
Persistent link: https://www.econbiz.de/10014159132
Participants in experimental games typically can only choose actions, without making comments about other participants' future actions. In sequential two-person games, we allow first movers to express a preference between responder choices. We find that responder behavior differs substantially...
Persistent link: https://www.econbiz.de/10014093709
for me, payoff for the other). This draws attention to inequality in payoffs and thus gives weight to fairness concerns …
Persistent link: https://www.econbiz.de/10011295782
Supporters of left-wing parties typically place more emphasis on redistributive policies than right-wing voters. I investigate whether this difference in tolerating inequality is amplified by suspicious success - achievements that may arise from cheating. Using a laboratory experiment, I...
Persistent link: https://www.econbiz.de/10011899249
Although different approaches and methods have been used to measure inequality aversion, there remains no consensus about its drivers at the individual level. We conducted an experiment on a sample of more than 1800 first-year undergraduate economics and business students in Uruguay to...
Persistent link: https://www.econbiz.de/10012697782
Engelmann and Strobel (AER 2004) claim that a combination of efficiency seeking and minmax preferences dominates inequity aversion in simple dictator games. This result relies on a strong subject pool effect. The participants of their experiments were undergraduate students of economics and...
Persistent link: https://www.econbiz.de/10010343968