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It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
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Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using … a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard …
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We examine individuals’ distributional orderings in a number of contexts. This is done by using a questionnaire-experiment … flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …
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