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Measuring tastes for equity and aggregate wealth behind the veil of ignorance
Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018
We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...
Persistent link: https://www.econbiz.de/10011928322
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Revealed notions of distributive justice II : experimental evidence
Becker, Nicole; Häger, Kirsten; Heufer, Jan - 2013
We report the results of a combination of a dictator experiment with either a "social planner" or a "veil of ignorance …" experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion … Agreement and Symmetry axioms proposed in BHH; we find that for 80% of participants the evidence is very strong. The experiment …
Persistent link: https://www.econbiz.de/10010370990
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Contextual Deliberation and the Choice-Valuation Preference Reversals
Guo, Liang - 2021
/acquisition (i.e., deliberation). As predicted, when lottery pairing was known, experiment participants exhibited substantially less …
Persistent link: https://www.econbiz.de/10013211927
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Revealed notions of distributive justice II : experimental evidence
Becker, Nicole; Häger, Kirsten; Heufer, Jan - 2013
We report the results of a combination of a dictator experiment with either a “social planner” or a “veil of ignorance …” experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion … Agreement and Symmetry axioms proposed in BHH; we find that for 80% of participants the evidence is very strong. The experiment …
Persistent link: https://www.econbiz.de/10010192931
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Unifying Procedure-Dependent Preference Reversals : Theory and Experiments
Guo, Liang - 2021
Elicitation procedures (e.g., choice, valuation, matching, joint/separate evaluation) may generate reversed preferences between alternatives. Yet procedure-dependent preferences can be endogenous. When attribute importance is imperfectly known, people can engage in costly information...
Persistent link: https://www.econbiz.de/10013314068
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Expectations as Endowments : Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments
Ericson, Keith M. Marzilli; Fuster, Andreas - 2010
points are determined by expectations. In the first experiment, we endow subjects with an item and randomize the probability … determined by the status quo or when preferences are reference-independent. In the second experiment, we randomly assign subjects …
Persistent link: https://www.econbiz.de/10014201048
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Intertemporal Preference with Loss Aversion : Consumption and Risk Attitude
Choi, Kyoung Jin - 2020
We study the consumption and portfolio selection problem of an agent who faces consumption irreversibility: there is disutility from changing consumption levels. The derived preference exhibits intertemporal loss aversion toward consumption changes with the previous consumption level being the...
Persistent link: https://www.econbiz.de/10012847313
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Are teams less inequality averse than individuals?
He, Haoran; Villeval, Marie-Claire - 2014
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
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Social preferences and lying aversion in children
Maggian, Valeria; Villeval, Marie-Claire - 2013
While previous research has shown that social preferences develop in childhood, we study whether this development is accompanied by reduced use of deception when lies would harm others, and increased use of deception to benefit others. In a sample of children aged between 7 and 14, we find...
Persistent link: https://www.econbiz.de/10010229316
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Intertemporal stability of ambiguity preferences
Dürsch, Peter; Römer, Daniel; Roth, Benjamin - 2013
To make predictions with theories, usually we assume an individual's characteristics such as uncertainty preferences to be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly elicit ambiguity attitudes towards multiple 3-color Ellsberg...
Persistent link: https://www.econbiz.de/10010207919