The Impact of Fairness on Decision Making-An Analysis of Different Video Experiments by Heike Hennig-Schmidt

  title={The Impact of Fairness on Decision Making-An Analysis of Different Video Experiments by Heike Hennig-Schmidt},
  author={Heike Hennig-Schmidt},
Experimentally observed deviations of behavior from game theoretic predictions suggest that fairness does influence decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining actual behavior (cf. Fehr and Schmidt, 1999; Bolton and Ockenfels, 2000). In this paper I will argue that equality is not the only fairness norm to be taken into account. More equity norms than equality exist, including inequality of payoffs. Since inequitable… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 52 references

Bargaining in a Video Experiment - Determinants of Boundedly Rational Behavior

H. Hennig-Schmidt
Lecture Notes in Economics and Mathematical Systems, • 1999
View 5 Excerpts
Highly Influenced

Gruppen- und Einzelentscheidungen in einem Videoexperiment zum Ultimatumspiel - Textprotokolle

A. Sadrieh, S. Osterholt
Sonderforschungsbereich 303, • 1998
View 2 Excerpts
Highly Influenced

An Experimental Analysis of Ultimatum Bargaining

W. Güth, R. Schmittberger, B. B. Schwarze
Journal of Economic Behavior and Organization, • 1982
View 2 Excerpts
Highly Influenced

Emotions in the Power to Take Game Played by Groups - A Video Experimental Study, Working Paper, University of Amsterdam/University

R. Bosman, H. Hennig-Schmidt, F. van Winden

The Effect of Communication Media on Cooperation, Working Paper, University of Magdeburg

J. Brosig, A. Ockenfels, J. Weimann
View 1 Excerpt

Similar Papers

Loading similar papers…