Social Preferences
Antonio Cabrales and
Giovanni Ponti ()
Chapter 6 in Experimental Economics, 2015, pp 87-104 from Palgrave Macmillan
Abstract:
Abstract In the light of a vast amount of theoretical and experimental research, many economists are already used to the idea that people hold social (that is, interdependent) preferences. This opinion has been influenced by an abundant literature showing how experimental subjects, using classical experimental protocols, act as though they are attempting to maximize an objective function through which, in addition to their self-interest, they also take into account the wellbeing of other individuals participating in the experiment.
Keywords: Social Preference; Ultimatum Game; Dictator Game; Inequality Aversion; Monetary Payoff (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-53819-2_6
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DOI: 10.1057/9781137538192_6
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