Showing 1 - 10 of 1,087
Until now, the dominant belief concerning the relationship between poverty and risk aversion is that the poor are more risk averse. If the poor are more risk averse, then they will choose “low risk-low return” activities that trap them in poverty. However, both empirical and experimental...
Persistent link: https://www.econbiz.de/10013132331
This paper investigates physiological responses to perceptions of unfair pay. We use an integrated approach exploiting complementarities between controlled lab and representative field data. In a simple principal-agent experiment agents produce revenue by working on a tedious task. Principals...
Persistent link: https://www.econbiz.de/10010462044
inequality, we can begin a new discussion on how to address this important issue. …
Persistent link: https://www.econbiz.de/10014279738
Using a new survey and experimental data, we investigate how information on inequality and immigration affects …
Persistent link: https://www.econbiz.de/10014434007
Can inequality in rewards result in an erosion in broad-based support for meritocratic norms? We hypothesize that …
Persistent link: https://www.econbiz.de/10014637340
Persistent link: https://www.econbiz.de/10012696716
Social preferences such as altruism, reciprocity, intrinsic motivation and a desire to uphold ethical norms are essential to good government, often facilitating socially desirable allocations that would be unattainable by incentives that appeal solely to self-interest. But experimental and other...
Persistent link: https://www.econbiz.de/10003733890
Social preferences such as altruism, reciprocity, intrinsic motivation and a desire to uphold ethical norms are essential to good government, often facilitating socially desirable allocations that would be unattainable by incentives that appeal solely to self-interest. But experimental and other...
Persistent link: https://www.econbiz.de/10003733924
Models can be wrong and recognising their limitations is important in financial and economic decision making under uncertainty. Robust strategies, which are least sensitive to perturbations of the underlying model, take uncertainty into account. Finding the explicit set of alternative models...
Persistent link: https://www.econbiz.de/10012937233
people's social preferences change conditional to different sources of wealth inequality among generations (periods). We find … not willing to tolerate high wealth inequality and fluctuation among generations (periods) in order to achieve equality of … opportunity. Finally, the source of wealth inequality seems to affect differently people preferences for mobility in the two …
Persistent link: https://www.econbiz.de/10012865807