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dc.contributor.authorBellemare, Charlesen
dc.contributor.authorKröger, Sabineen
dc.contributor.authorvan Soest, Arthuren
dc.date.accessioned2005-10-10-
dc.date.accessioned2010-07-07T09:12:41Z-
dc.date.available2010-07-07T09:12:41Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/33554-
dc.description.abstractWe combine the choice data of proposers and responders in the ultimatum game, their expectations elicited in the form of subjective probability questions, and the choice data of proposers (dictators) in a dictator game to estimate a structural model of decision making under uncertainty. We use a large and representative sample of subjects drawn from the Dutch population. Our results indicate that there is considerable heterogeneity in preferences for equity in the population. Changes in preferences have an important impact on decisions of dictators in the dictator game and responders in the ultimatum game, but a smaller impact on decisions of proposers in the ultimatum game, a result due to proposer's subjective expectations about responders' decisions. The model which uses subjective data on expectations has better predictive power and lower noise level than a model which assumes that players have rational expectations.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1666en
dc.subject.jelC93en
dc.subject.jelD63en
dc.subject.jelD84en
dc.subject.ddc330en
dc.subject.keywordultimatum gameen
dc.subject.keywordinequity aversionen
dc.subject.keywordsubjective expectationsen
dc.titleActions and beliefs: estimating distribution-based preferences using a large scale experiment with probability questions on expectations-
dc.type|aWorking Paperen
dc.identifier.ppn495036315en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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