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We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or with tournament incentives. Compared to a baseline...
Persistent link: https://www.econbiz.de/10013050800
The Japanese General Social Survey was used to determine how individual preferences for income redistribution are affected by family structure, such as the number of siblings and birth order where individuals grow up. After controlling for various individual characteristics, the important...
Persistent link: https://www.econbiz.de/10011496193
The Japanese General Social Survey was used to determine how individual preferences for income redistribution are affected by family structure, such as the number of siblings and birth order where individuals grow up. After controlling for various individual characteristics, the important...
Persistent link: https://www.econbiz.de/10011526919
The Japanese General Social Survey was used to determine how individual preferences for income redistribution are affected by family structure, such as the number of siblings and birth order where individuals grow up. After controlling for various individual characteristics, the important...
Persistent link: https://www.econbiz.de/10010903897
We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S....
Persistent link: https://www.econbiz.de/10011897575
This paper investigates - in a large heterogeneous sample - the relationship between social preferences on the one hand, and socioeconomic factors and political preferences on the other hand. Socioeconomic factors correlate with social preferences, and social preferences robustly shape political...
Persistent link: https://www.econbiz.de/10011714571
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
Altruism, giving and pro-social conduct, and reciprocity, are the basis of the existence and performance of societies … (which they sometimes also create); and in charity and specific organizations. Altruism has various origins: it can be … hedonistic or natural altruism in empathy, affection, sympathy, emotional contagion, pity, and compassion; or normative altruism …
Persistent link: https://www.econbiz.de/10014023682
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10010298595
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10010298644