Show simple item record

dc.contributor.authorKOHLER, Stefan
dc.date.accessioned2011-03-29T14:48:00Z
dc.date.available2011-03-29T14:48:00Z
dc.date.issued2008
dc.identifier.citationAlessandro INNOCENTI and Patrizia SBRIGLIA (eds), Games, Rationality and Behavior: Essays on Behavioral Game Theory and Experiments, Houndmills/Basingstoke/Hampshire, Palgrave McMillan, 2008, 65-100en
dc.identifier.isbn978-0230520813
dc.identifier.urihttp://hdl.handle.net/1814/16216
dc.descriptionPrevious version published as Global Poverty Research Group Working Paper 61en
dc.description.abstractInequality considerations are a motive for making positive offers in the Ultimatum Game and rejecting small ones, but decision error could have the same effect. I find evidence for both of these considerations and a different relative importance amongst Zimbabwean villagers, of whom some resettled after a government organized land reform during the 1980s. Resettled villagers have higher inequality aversion and lower decision error than those who live in traditional villages but, after accounting for different levels of inequality aversion, the difference in decision error between both groups of villagers is no longer significant. There are no gender differences in preferences. The model estimated was first used by De Bruyn and Bolton (2004) on a large set of bargaining data but the best fit of 64 percent overall coincidence of observed and predicted behavior is achieved for a different `symmetric' specification of inequality aversion in the model. As the use of field data is a recent development in experimental economics, I reestimate the model applied to the Zimbabwean data on the laboratory Ultimatum Game data of Roth et al. (1991) and further field data from Henrich et al. (2005). Estimates are compared comprehensively.en
dc.language.isoenen
dc.publisherPalgrave McMillanen
dc.titleInequality Aversion and Stochastic Decision-making: Experimental Evidence from Zimbabwean Villages after Land Reformen
dc.typeContribution to booken
dc.neeo.contributorKOHLER|Stefan|aut|


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record