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This paper investigates distributive justice using a fourfold experimental design : The ignorance and the risk scenarios are combined with the self-concern and the umpire modes. We study behavioral switches between self-concern and umpire mode and investigate the goodness of ten standards of...
Persistent link: https://www.econbiz.de/10010296310
Using an experiment with material incentives, this paper investigates the violation of composite dominance relationships, viz. absolute Pareto dominance, Pareto rank dominance, transfer dominance, Lorenz dominance, and generalized Lorenz dominance. Moreover, we test tail independence. The...
Persistent link: https://www.econbiz.de/10010296311
This paper investigates distributive justice using a fourfold experimental design:The ignorance and the risk scenarios are combined with the self-concernand the umpire modes. We study behavioral switches between self-concernand umpire mode and investigate the goodness of ten standards of...
Persistent link: https://www.econbiz.de/10005866910
Persistent link: https://www.econbiz.de/10003854468
Persistent link: https://www.econbiz.de/10003890777
Common ratio effects should be ruled out if subjects' preferences satisfy compound independence, reduction of compound lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio effect. Relying on a simple experiment, we...
Persistent link: https://www.econbiz.de/10010367224
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