What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis

Nicolas Jacquemet () and Adam Zylbersztejn ()
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Adam Zylbersztejn: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: In experiments based on the Beard and Beil (1994) game, second movers very often fail to select the decision that maximizes both players payoff. This note reports on a new experimental treatment, in which we neutralize the potential effect of inequality aversion on the likelihood of this behavior. We show this behavior is robust to this change, even after allowing for repetition-based learning.

Keywords: Coordination failure; laboratory experiments; aversion to inequality; aversion à l'inégalité; Défauts de coordination; expériences en laboratoire (search for similar items in EconPapers)
Date: 2011-07-27
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth and nep-upt
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00611696v1
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis (2014)
Working Paper: What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis (2014)
Working Paper: What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis (2014)
Working Paper: What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis (2014)
Working Paper: What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis (2011)
Working Paper: What drives failure to maximize payoffs in the lab? A test of the inequality aversion hypothesis (2011)
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