Showing 1 - 10 of 76
We study the intrapersonal relationship between trust and reciprocity in a laboratory experiment. Reciprocal subjects trust significantly more than selfish ones. This finding raises questions about theories of social preferences which predict that "fairer" players should trust less
Persistent link: https://www.econbiz.de/10013316844
Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...
Persistent link: https://www.econbiz.de/10013141434
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can … explain 43% of all offers. Our within-subject design further allows us to show that proposers use different equity rules and …
Persistent link: https://www.econbiz.de/10013074889
test potential adverse health effects of unfair pay using data from a large representative data set. Complementary to our … health, and fairness of pay …
Persistent link: https://www.econbiz.de/10013124489
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality aversion than individual initial proposals in team...
Persistent link: https://www.econbiz.de/10013052703
Debates about affirmative action often revolve around fairness. Accordingly, we document substantial heterogeneity in … the fairness perception of various affirmative action policies. But do these differences translate into different …, either due to bad luck (discrimination), low productivity, or choice of a short working time. Higher fairness perceptions …
Persistent link: https://www.econbiz.de/10012834594
they argue for or against mandatory participation? Should we have less redistribution and more actuarial fairness? How does …Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most … people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on …
Persistent link: https://www.econbiz.de/10013139713
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness …
Persistent link: https://www.econbiz.de/10012948689
Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...
Persistent link: https://www.econbiz.de/10013319305
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10013129110