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for me, payoff for the other). This draws attention to inequality in payoffs and thus gives weight to fairness concerns … also depends on whether the lottery gives equal payoffs ex-post. Experiments usually present payoffs side-by-side (payoff …
Persistent link: https://www.econbiz.de/10011295782
Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...
Persistent link: https://www.econbiz.de/10012168600
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental … designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …
Persistent link: https://www.econbiz.de/10010359304
interact in such situations. In this paper we provide experimental evidence on this question. In a first experiment givers are … the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We … find that individuals' risk preferences are predictive for giving in both experiments. Increased risk exposure of …
Persistent link: https://www.econbiz.de/10011565561
While previous research has shown that social preferences develop in childhood, we study whether this development is accompanied by reduced use of deception when lies would harm others, and increased use of deception to benefit others. In a sample of children aged between 7 and 14, we find...
Persistent link: https://www.econbiz.de/10010229316
We extend the literature structurally estimating social preferences by accounting for the desire to adhere to social norms. Our representative agent is strongly motivated by norms and failing to account for this causes us to overestimate how much agents care about helping those who are worse...
Persistent link: https://www.econbiz.de/10013412658
decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …
Persistent link: https://www.econbiz.de/10011379362
. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we …
Persistent link: https://www.econbiz.de/10011299882
from engaging in actual trade in the experiment. We show that distributional concerns primarily drive opposition to trade …
Persistent link: https://www.econbiz.de/10012696933
laboratory experiment in which subjects lack any private material incentive to report partners’ actions, we find that most …
Persistent link: https://www.econbiz.de/10011333021