Learn More
According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on the individual's approach to choice under uncertainty. We investigate whether people really do rank distributions according to the same principles irrespective of whether the comparison involves money payoffs in a risky situation or the(More)
Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between(More)
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the parallel social-choice situation. Here decisions are to be made(More)
Comprehensive x-ray powder diffraction studies were carried out in magnetite in the 80-150 K and 0-12 GPa ranges with a membrane-driven diamond anvil cell and helium as a pressure medium. Careful data analyses have shown that a reversible, cubic to a distorted-cubic, structural transition takes place with increasing pressure, within the (P,T) regime below(More)
All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including  notice, is given to the source. Abstract We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach .The experiments focus on the effect of(More)
This article provides a brief overview of the key issues in inequality measurement and has been prepared for inclusion in the second edition of The New Palgrave. who made helpful comments on an earlier draft. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is(More)