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Relative Position, Prices of Sacrifice and Reciprocity: An Experimental Study Using Individual Decisions

Serie

  • Working Papers

Resumen

  • We use experimental data to obtain a detailed description of individuals' pro-sociality. Participants are faced with a large number of decisions involving variations in the tradeoffs between own and others' payoffs, as well as in other potentially important factors like individuals' positions vis-à-vis others. We find that decisions are affected by payoff trade-offs in an intuitive way but also by whether individuals obtain more or less than others. We find little reciprocity of the type linked to menu-dependence. The influence of social welfare preferences is stronger than that of difference aversion; however, Leontief preferences are not more important than difference aversion in our data.

fecha de publicación

  • 2005-12

Líneas de investigación

  • Difference Aversion
  • Experiments
  • Reciprocity
  • Social Preferences

Issue

  • 256