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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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