Arbeitspapier
Social Preferences in Private Decisions
Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that affects only their own earnings. In the social (individual) treatment participants do (not) observe the earnings of others. In the social treatment gambles therefore not only affect absolute but also relative earnings. Outcome-based social preference models therefore predict a treatment difference. We find that decisions are generally the same in both treatments, in line with rule-based social preference models, like procedural fairness.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 12-003/1
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
fairness
social preferences
decision making under risk
experiment
Entscheidung bei Risiko
Glücksspiel
Risikoaversion
Soziales Verhalten
Test
Amsterdam
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Linde, Jona
Sonnemans, Joep
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Linde, Jona
- Sonnemans, Joep
- Tinbergen Institute
Entstanden
- 2012
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