Inequalities under Ambiguity

Rocco Caferra (), Andrea Morone and Piergiuseppe Morone ()
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Rocco Caferra: Unitelma Sapienza University of Rome, Rome, Italy.
Piergiuseppe Morone: Unitelma Sapienza University of Rome, Rome, Italy.

Working papers from Società Italiana di Economia Pubblica

Abstract: This paper explores the impact of risk and ambiguity on wealth redistribution, using an experimental dictator game. The findings show that wealth redistribution significantly declined in line with increased perceived risk, suggesting that heightened risk and ambiguity may reduce altruistic behavior. Gender differences in risk aversion were observed under conditions of risk (characterized by well-defined probability), but vanished under conditions of ambiguity. The study highlights the importance of risk perception in shaping social preferences and the potential use of ambiguity as a moral rationale to avoid engagement in pro-social behaviors and wealth redistribution.

Keywords: Dictator Game; Subjective Probability; Decision-Making; Experiment; Social Preferences; Risk Preferences; Ambiguity Box. (search for similar items in EconPapers)
JEL-codes: D80 D81 (search for similar items in EconPapers)
Date: 2024-07
New Economics Papers: this item is included in nep-exp and nep-upt
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