Artikel

Inequality aversion and reciprocity in moonlighting games

We study behavior in a moonlighting game with unequal initial endowments. In this game, predictions for second-mover behavior based on inequality aversion are in contrast to reciprocity. We find that inequality aversion explains only few observations. The comparison to a treatment with equal endowments supports the conclusion that behavior is better captured by intuitive notions of reciprocity than by inequality aversion. Extending the model by allowing for alternative reference points promises better performance, but leads to other problems. We conclude that the fact that inequality aversion often works as a good short-hand for reciprocity is driven by biased design choices.

Sprache
Englisch

Erschienen in
Journal: Games ; ISSN: 2073-4336 ; Volume: 1 ; Year: 2010 ; Issue: 4 ; Pages: 459-477 ; Basel: MDPI

Klassifikation
Wirtschaft
Thema
reciprocity
inequality aversion
altruism
moonlighting game

Ereignis
Geistige Schöpfung
(wer)
Engelmann, Dirk
Strobel, Martin
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2010

DOI
doi:10.3390/g1040459
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Engelmann, Dirk
  • Strobel, Martin
  • MDPI

Entstanden

  • 2010

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