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Different evaluators typically disagree how to rank different candidates since they care more or less for the various qualities of the candidates. It is assumed that all evaluators submit vector bids assigning a monetary bid for each possible rank order. The rules must specify for all possible...
Persistent link: https://www.econbiz.de/10008991294
A long time ago most economists would have limited themselves to stating that agreements should be individually rational and efficient and that selecting a specific agreement from that set depends on bargaining and negotiation power whatever that may be. Nowadays hardly any economist will argue...
Persistent link: https://www.econbiz.de/10008989998
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We introduce a procedurally fair rule to study a situation where people disagree about the value of three alternatives in the way captured by the voting paradox. The rule allows people to select a final collective ranking by submitting a bid vector with six components (the six possible rankings...
Persistent link: https://www.econbiz.de/10009500726
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Effective communication of risks involved in the climate change discussion is crucial and despite ambitious protection policies, the possibility of irreversible consequences actually occurring can only be diminished but never ruled out completely. We present a laboratory experiment that studies...
Persistent link: https://www.econbiz.de/10011738574
One's willingness to accept an outcome or even to correct it depends on whether or not the underlying procedure is … deemed legitimate. We manipulate the role allocation procedure in the dictator game to illustrate that this belief is not … procedure. We also discuss the perceptions of fairness and merit as potential drivers of the observed behavioral phenomenon. …
Persistent link: https://www.econbiz.de/10012419246
consensus of social norms. Surveys, on the other, lack the ability to measure actual behavior. This paper argues that the so …
Persistent link: https://www.econbiz.de/10003886856
How malleable are peopleś fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is still unclear whether and to what extent peopleś allocations reflect their fairness ideals. We investigate in a laboratory experiment whether peopleś fairness ideals vary...
Persistent link: https://www.econbiz.de/10011279775
Humans make decisions jointly with others. They share responsibility for the outcome with their interaction partners. Today, more and more often the partner in a decision is not another human but, instead, a machine. Here we ask whether the type of the partner, machine or human, affects our...
Persistent link: https://www.econbiz.de/10011899056