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Envy is an unpleasant emotion. If individuals anticipate that comparing their payoff with the (potentially higher … opportunity to reduce another person’s payoff, an individual’s envy may trigger behavior that is detrimental to welfare. In this …
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risk attitudes and that they both generate more risk loving behavior. Moreover, we find that a propension to envy …
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This paper studies the effects of social comparison on risk taking be- havior. In our framework, decision makers evaluate the consequences of their choices as changes with respect to both their own and their peers’ conditions. We test experimentally whether different positions in the social...
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emotional mechanisms have been proposed as a possible explanation. In particular, feelings of fairness, anger and envy are … driven by feelings of envy towards a third party. Results from two experiments suggest that responders experience feelings of … towards the proposer. Responders also experience dissatisfaction and envy when third party shares exceed their own shares …
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