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Title of Journal: Econ Theory

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Abbravation: Economic Theory

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Springer Berlin Heidelberg

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1432-0479

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Probabilistic social preference how Machina’s Mom

Authors: Bin Miao Songfa Zhong
Publish Date: 2016/11/24
Volume: 65, Issue: 1, Pages: 1-24
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Abstract

We experimentally investigate preference for randomization in social settings in which the dictator chooses probabilistically between two allocations for herself and an anonymous recipient We observe substantial proportions of subjects choosing to randomize under various circumstances The observed patterns have rich implications for various assumptions in social preference models and shed light on recent studies on exante and expost social preferencesWe are grateful to an anonymous referee the editor and the conference participants at the XVI Foundations of Utility and Risk Conference at Erasmus University 2014 and the 5th Annual Xiamen University International Workshop on Experimental Economics 2014 and seminar participants at Erasmus University for their helpful comments Miao wishes to thank the China National Science Foundation Grant 71503158 for financial support and Zhong wishes to acknowledge financial support from the Ministry of Education—Singapore R122000237112

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Other Papers In This Journal:
  1. (Non-)existence and Scope of Nash Networks
  2. Weighted approval voting
  3. A note on values for Markovian coalition processes
  4. Fixed-prize tournaments versus first-price auctions in innovation contests
  5. The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
  6. Term structure and forward guidance as instruments of monetary policy
  7. Paths of efficient self-enforcing trade agreements
  8. The effects of credit subsidies on development
  9. Tops-only domains
  10. Competitive screening in insurance markets with endogenous wealth heterogeneity
  11. Codes of Best Practice in competitive markets for managers
  12. Exact relations between Luenberger productivity indicators and Malmquist productivity indexes
  13. Carbon leakages: a general equilibrium view
  14. On the (non-)lattice structure of the equilibrium set in games with strategic substitutes
  15. Trade liberalization and aftermarket services for imports
  16. Passive learning: a critique by example
  17. Sequential two-prize contests
  18. Equivalence between graph-based and sequence-based extensive form games
  19. Ordinal dominance and risk aversion
  20. Asymmetric first-price auctions with uniform distributions: analytic solutions to the general case
  21. Using oriented volume to prove Sperner’s lemma
  22. Using oriented volume to prove Sperner’s lemma
  23. Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information
  24. Capital growth in a global warming model: will China and India sign a climate treaty?
  25. Noncooperative games, coupling constraints, and partial efficiency
  26. Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
  27. Egalitarian division under Leontief Preferences
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