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 …

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 …

Theories of fairness have typically used the assumption of ex-ante known pie size. Pie size, however, is rarely known … influence of ex-ante unknown pie size of varying degrees of risk on individual behavior. We derive theoretical predictions for … two of these games using utility functions that capture additively separable constant relative risk aversion and inequity …

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 …