Probabilistic social preference: how Machina’s Mom randomizes her choice

Bin Miao () and Songfa Zhong
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Bin Miao: Shanghai University of Finance and Economics

Economic Theory, 2018, vol. 65, issue 1, No 1, 24 pages

Abstract: Abstract We experimentally investigate preference for randomization in social settings, in which the dictator chooses probabilistically between two allocations for herself and an anonymous recipient. We observe substantial proportions of subjects choosing to randomize under various circumstances. The observed patterns have rich implications for various assumptions in social preference models and shed light on recent studies on ex-ante and ex-post social preferences.

Keywords: Social preference; Risk preference; Ex-ante fairness; Ex-post fairness (search for similar items in EconPapers)
JEL-codes: C91 D63 D64 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s00199-016-1015-y

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