Judgments of Social Justice : Compromises Between Equality and Efficiency

@inproceedings{Mitchell2004JudgmentsOS,
  title={Judgments of Social Justice : Compromises Between Equality and Efficiency},
  author={G. Mitchell and Philip Tetlock and Barbara A. Mellers and Lisa D. Ord{\'o}{\~n}ez},
  year={2004}
}
Political economists agree that a trade-offexists between equality and efficiency. Using a hypothetical society paradigm, we manipulated the mean income (representing efficiency) and income variability (representing equality) of distributions of wealth and the correlation between wealth and effort within a society. Subjects made all pairwise comparisons of distributions within societies of differing meritocracy. A "maximin" principle best described trade-off resolution strategies when effort… CONTINUE READING

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