Fairness Motivations and Procedures of Choice between Lotteries as Revealed through Eye Movements

Amos Arieli, Yaniv Ben-Ami and Ariel Rubinstein ()

No 275720, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

Abstract: Eye tracking is used to investigate decision makers’ motivations and procedures in choice problems. Patterns of eye movements in problems where the deliberation process is easily discernable are used to understand the deliberation in other problems. We find that in problems which involve the distribution of income between the participant and another individual, participants who behave selfishly nevertheless take into consideration the size of the payment to the other person. In problems that involve choice between two simple lotteries, eye movements indicate that many participants based their decision on a comparison of prizes and probabilities rather than making an expected utility calculation.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 24
Date: 2009-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ageconsearch.umn.edu/record/275720/files/1-2009.pdf (application/pdf)

Related works:
Working Paper: Fairness Motivations and Procedures of Choice between Lotteries as Revealed through Eye Movements (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275720

DOI: 10.22004/ag.econ.275720

Access Statistics for this paper

More papers in Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().