Chmura, Thorsten; Engel, Christoph; Englerth, Markus - Max-Planck-Institut zur Erforschung von … - 2013
rely on a standard theory from behavioral economics, inequity aversion, to offer an explanation. This theory could also … others. To test this theory, we exploit that it posits inequity aversion to be a personality trait. We can therefore test it … in a very simple standard game. Inequity averse individuals give a fraction of their endowment to another anonymous …