A Welfare-Tradeoff-Ratio-Model of Social Preferences

This paper introduces a model of social preferences featuring a single parameter representing an individual's disposition to share resources with others. The parameter reacts to observed behavior of others in a clearly defined manner. Therefore, the model allows the numerical analysis of reciprocal interaction. Based on evolutionary concepts, the model is characterized by a very basic utility maximization condition and it is consistent with and often predictive of the results of a multitude of different behavioral games and phenomenon.

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Year of publication:	2011-09-28
Authors:	Hartig, Bjoern
Institutions:	Cologne Graduate School in Management, Economics and Social Sciences, Wirtschafts- und Sozialwissenschaftliche Fakultät
Subject:	other-regarding preferences \| altruism \| cooperation \| evolution \| reciprocity \| welfare-tradeoff-ratio

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Extent:	application/pdf
Series:	Cologne Graduate School Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 02-05
Classification:	C71 - Cooperative Games ; C73 - Stochastic and Dynamic Games ; C90 - Design of Experiments. General ; C91 - Laboratory, Individual Behavior ; D03 - Behavioral Economics; Underlying Principles ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D64 - Altruism
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009321049