Showing 41 - 50 of 8,164
preferences of players are classified into three types: altruism, selfishness, and envy. In the stage game, players compete in … complements, envy is strictly dominated, whereas altruism is strictly dominated if efforts are strategic substitutes, implying …
Persistent link: https://www.econbiz.de/10012824295
The effect of envy and altruism on investment choices is analyzed by employing utility-free bivariate First …-degree Stochastic Dominance (FSD) rule. Using the classic expected utility as the benchmark we find that envy or altruism may induce … an FSD inferior prospect may be selected inducing expected utility loss. Surprisingly, not only envy but also altruism …
Persistent link: https://www.econbiz.de/10013036471
Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational …
Persistent link: https://www.econbiz.de/10013320155
Persistent link: https://www.econbiz.de/10012103402
Using a South African data set, the paper poses six questions about the determinants of subjective well-being. Much of the paper is concerned with the role of relative concepts. We find that comparator income – measured as average income of others in the local residential cluster - enters the...
Persistent link: https://www.econbiz.de/10010605202
We introduce the give-or-destroy game that allows us to fully elicit an individual's social preference schedule. We find that about one third of the population exhibits both pro-social and anti-social preferences that are independent of payoff comparisons with those who are affected. We call...
Persistent link: https://www.econbiz.de/10010613009
to spread group-beneficial cultural traits - such as altruism considered here as the opposite of envy - through …This paper develops a set of arguments for envy reduction within economics and tries to show that, if humans possess a …
Persistent link: https://www.econbiz.de/10014071879
This paper presents the results of an experiment where an unequal wealth distribution was created and then subjects could act to change this wealth distribution. Subjects received money by betting and possibly by arbitrary (undeserved) gifts; they could then pay to reduce, redistribute and, in...
Persistent link: https://www.econbiz.de/10005051073
This paper presents the results of a survey-based experiment on the role of equity and efficiency for altruistic behavior. Using simple binary decisions for a representative pool of subjects, we find that both equity and efficiency are relevant for the decision to give. However, contrary to the...
Persistent link: https://www.econbiz.de/10008784495
This paper presents the results of a survey-based experiment on the role of equity and efficiency for altruistic behavior. Using simple binary decisions for a representative pool of subjects, we find that both equity and efficiency are relevant for the decision to give. However, contrary to the...
Persistent link: https://www.econbiz.de/10008800904