Altruism and Fairness in Experimental Decisions
Journal of Economic Behavior & Organization, 2011, 80, 1, 101-109
KOHLER, Stefan, Altruism and Fairness in Experimental Decisions, Journal of Economic Behavior & Organization, 2011, 80, 1, 101-109 - https://hdl.handle.net/1814/20503
Retrieved from Cadmus, EUI Research Repository
Experimental evidence from dictator games and simple choice situations indicates concerns for fairness and social welfare in human decision making. At the same time, models of inequality averse agents fail to explain the experimental data of individuals who reduce their payoff below a fair split in order to maximize social welfare. This paper presents a linear model of altruism and inequality aversion which reconciles inequality aversion with departures from distributional fairness if welfare is thereby gained. It also establishes a unique link between altruism and interest in social welfare in the proposed model.
Earlier version of this article is available as EUI ECO Working Paper 2005/11 at http://hdl.handle.net/1814/3338
Cadmus permanent link: https://hdl.handle.net/1814/20503
Full-text via DOI: 10.1016/j.jebo.2011.02.014
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