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Title:An experimental study on individual choice, social welfare, and social preferences
Authors:Traub, Stefan
Seidl, Christian
Schmidt, Ulrich
Issue Date:2009
Citation:[Volume:] 53 [Issue:] 4 [Pages:] 385-400 [Journal:] European economic review [ISBN:] 0014-2921
Abstract:We experimentally study subjects’ compliance with dominance relationships of income distributions in a ranking task. The experiment consisted of four different treatments: Lottery, individual choice, social preferences, and social planner. Our results suggest that people's risk attitudes do not adequately reflect their inequality attitudes. Uninvolved social planners exhibit randomization preferences, while self-interested social planners are generally more inequality averse and try to avoid extreme outcomes.
Subjects:Inequality
Risk
Social preferences
Procedural fairness
JEL:D31
C91
D63
Persistent Identifier of the first edition:doi:10.1016/j.euroecorev.2008.04.002
Document Type:Article
Appears in Collections:Economists Online

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