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

  title={An Experimental Study on Individual Choice , Social Welfare , and Social Preferences},
  author={Stefan Traub and Christian Seidl and Ulrich Schmidt},
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

From This Paper

Figures, tables, and topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 79 references

How Should Income be Divided? Questionnaire Evidence from the Theory of ‘Impartial Preferences

  • M. Bernasconi
  • Supplement 9. Springer-Verlag,
  • 2002
Highly Influential
13 Excerpts

Measurement of Income Inequality: Experimental Test by Questionnaire

  • Y. Amiel, F. A. Cowell
  • Journal of Public Economics
  • 1992
Highly Influential
10 Excerpts

Who Accepts the Pareto Axiom? The Role of Utility and Equity in Arbitration Decisions

  • G. McClelland, J. Rohrbaugh
  • Behavioral Science
  • 1978
Highly Influential
4 Excerpts

On the Measurement of Inequality

  • A. B. Atkinson
  • Journal of Economic Theory
  • 1970
Highly Influential
6 Excerpts

Cardinal Welfare, Individual Ethics, and Interpersonal Comparison of Utility: Comment

  • P. A. Diamond
  • Journal of Political Economy
  • 1967
Highly Influential
4 Excerpts

Similar Papers

Loading similar papers…