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

@inproceedings{HennigSchmidt2001TheIO,
  title={The Impact of Fairness on Decision Making-An Analysis of Different Video Experiments by Heike Hennig-Schmidt},
  author={Heike Hennig-Schmidt},
  year={2001}
}
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

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