EconPapers    
Economics at your fingertips  
 

Social Preferences and Deliberately Stochastic Behavior

Yosuke Hashidate and Keisuke Yoshihara

Papers from arXiv.org

Abstract: This study proposes a tractable stochastic choice model to identify motivations for prosocial behavior, and to explore alternative motivations of deliberate randomization beyond ex-ante fairness concerns. To represent social preferences, we employ an additively perturbed utility model consisting of the sum of expected utility and a nonlinear cost function, where the utility function is purely selfish while the cost function depends on social preferences. Using the cost function, we study stochastic choice patterns to distinguish between stochastic inequity-averse behavior and stochastic shame-mitigating behavior. Moreover, we discuss how our model can complement recent experimental evidence of ex-post and ex-ante fairness concerns.

Date: 2023-04
New Economics Papers: this item is included in nep-dcm, nep-des, nep-evo, nep-exp and nep-upt
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://arxiv.org/pdf/2304.14977 Latest version (application/pdf)

Related works:
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:arx:papers:2304.14977

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().

 
Page updated 2024-01-13
Handle: RePEc:arx:papers:2304.14977