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Experimental evidence from dictator games and simple choice situations indicates concerns for fairness and social welfare in human decision making. At the same time, models of inequality averse agents fail to explain the experimental data of individuals who reduce their payoff below a fair split...
Persistent link: https://www.econbiz.de/10010573083
We present the results of an experiment designed to identify more clearly the motivation underlying dictators’ behavior. In the typical dictator game, recipients are given no endowment. We give an endowment to the recipient as well as the dictator. This new dimension allows us to test directly...
Persistent link: https://www.econbiz.de/10010576933
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10011116894
Are decisions in a trust game more or less sensitive to changes in risk than decisions in a purely financial, non …-social decision-making task? Participants in a binary trust game (they could either keep $5 for sure or give it to a trustee with the … 80 percent and then were asked to decide whether to trust that other person. In addition, participants made a decision in …
Persistent link: https://www.econbiz.de/10011048084
trust game. Subjects play a dictator game unaware that later they will play a trust game and that their level of generosity … in the dictator game will be revealed to trusters, with some inaccuracy, before trusters decide whether to trust or not …
Persistent link: https://www.econbiz.de/10011048230
The distinct historical and cultural experiences of American blacks and whites may influence whether members of these groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for equal treatment in the ultimatum game. We focus on...
Persistent link: https://www.econbiz.de/10010594596
Envy is often the cause of mutually harmful outcomes. We experimentally study the impact of envy in a bargaining setting in which there is no conflict in material interests: a proposer, holding the role of residual claimant, chooses the size of the pie to be shared with a responder, whose share...
Persistent link: https://www.econbiz.de/10011048077
In his classic article “An Essay on Bargaining” Schelling (1956) argues that ignorance might actually be strength rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave-it bargaining experiment where the proposer can choose between two possible offers....
Persistent link: https://www.econbiz.de/10011048133
receives in the West has a strong negative impact on altruism, trust towards individuals of Chinese ethnicity, and … trustworthiness, while it has a significant and positive impact on trust towards Australians. For risk and competitive preferences …
Persistent link: https://www.econbiz.de/10011208879
We let subjects estimate behavior and expectations of others before they play dictator games, and only vary the quantitative scales for their estimates. Our data show that this manipulation may significantly affect economic decisions: dictators who are presented a scale with a higher midpoint...
Persistent link: https://www.econbiz.de/10010737913