We show with a laboratory experiment that individuals adjust their moral principles to the situation and to their … the fairness and unfairness of allocations in three different scenarios (a Dictator game, an Ultimatum game, and a Trust … same session we elicit again their principles regarding the fairness and unfairness of allocations in the same three …

aversion and whether guilt aversion affects the decision to embezzle. We show that the proportion of guilt …-averse intermediaries is the same irrespective of the direction of guilt and guilt aversion reduces embezzlement. Structural estimates … indicate no difference in the effect of guilt aversion toward the donor and toward the recipient on intermediaries' behavior …