An Experimental Study on Individual Choice , Social Welfare , and Social Preferences

@inproceedings{Traub2008AnES,
  title={An Experimental Study on Individual Choice , Social Welfare , and Social Preferences},
  author={Stefan Traub and Christian Seidl and Ulrich Schmidt},
  year={2008}
}
We experimentally study subjects’ compliance with dominance relationships of income distributions in a ranking task. The experiment consisted of four different treatments: lottery, individual choice, social preferences, and social planner. Our results suggest that people’s risk attitudes do not adequately reflect their inequality attitudes. Uninvolved social planners exhibit randomization preferences, while self-interested social planners are generally more inequality averse and try to avoid… CONTINUE READING

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