Learn More
Economists have long speculated that envy and malice play important roles in economic decisions. Surprisingly little empirical evidence has been offered in support of such claims. This paper uses experimental and multinomial logit techniques to estimate the effects of envy and malice in economic decisions involving Pareto efficiency. Envy and malice turn(More)
Benabou and Ok use expected utility to argue the prospect of upward mobility may cause majority rejection of redistributive taxes that benefit the majority. In paid computerized experiments subjects in a lower pay class exhibit risk preference but are risk averse in a higher class. This suggests behavior toward risk is not constant but depends on relative(More)
  • 1