Arbeitspapier
Altruism or Diminishing Marginal Utility?
We challenge a commonly used assumption in the literature on social preferences and show that this assumption leads to significantly biased estimates of the social preference parameter. Using Monte Carlo simulations, we demonstrate that the literature's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We show that this is particularly problematic when comparing altruism between groups with well-documented differences in risk aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and wealthy versus poor.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 11721
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Altruism; Philanthropy; Intergenerational Transfers
- Thema
-
altruism
marginal utility
biased inferences
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gauriot, Romain
Heger, Stephanie A.
Slonim, Robert
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gauriot, Romain
- Heger, Stephanie A.
- Slonim, Robert
- Institute of Labor Economics (IZA)
Entstanden
- 2018
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