Showing 1 - 10 of 2,292
risk. Furthermore, we determine whether subjects are averse to collective risk - the variability in the sum of payoffs of … the other. The first presentation draws attention to inequality in payoffs, the second to collective risk. We find that … risk changes choice only marginally and not significantly, though in the direction of collective risk reduction. We …
Persistent link: https://www.econbiz.de/10011476573
We report a laboratory experiment testing whether social reference points impact effort provision. Subjects are …
Persistent link: https://www.econbiz.de/10014246805
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/10010359304
Persistent link: https://www.econbiz.de/10011759766
Persistent link: https://www.econbiz.de/10012599977
Engelmann and Strobel (AER 2004) question the relevance of inequity aversion in simple dictator game experiments claiming that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is more important than inequity aversion. We show that these results...
Persistent link: https://www.econbiz.de/10010440438
Persistent link: https://www.econbiz.de/10009659960
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the broader population and how they are associated with political...
Persistent link: https://www.econbiz.de/10012815448
Persistent link: https://www.econbiz.de/10014446656
Persistent link: https://www.econbiz.de/10011910851