Fairness Under Risk: Insights from Dictator Games
| Autor: | Vitezslav Babicky |
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| Rok vydání: | 2003 |
| Předmět: | |
| Popis: | Recent theories of fairness (e.g., Bolton & Ockenfels, 2000; Fehr & Schmidt, 1999) have typically used the assumption of ex ante known pie size. Here I explore theoretically the ramifications of pie size being unknown ex ante. Using a simple allocation problem known as dictator game, I find that attitude to fairness is systematically and intuitively related to risk and risk attitude. Results from informal experiments support the model proposed here. |
| Databáze: | OpenAIRE |
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