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Individual Preferences for Giving

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Author Info
Raymond Fisman
Shachar Kariv
Daniel Markovits
Abstract

We utilize graphical representations of Dictator Games which generate rich individual- level data. Our baseline experiment employs budget sets over feasible payoff- pairs. We test these data for consistency with utility maximization, and we recover the underlying preferences for giving (trade-offs between own payoffs and the payoffs of others). Two further experiments augment the analysis. An extensive elaboration employs three-person budget sets to distinguish preferences for giving from social preferences (trade-offs between the payoffs of others). And an intensive elaboration employs step-shaped sets to distinguish between behaviors that are compatible with well-behaved preferences and those compatible only with not well-behaved cases. (JEL C72, D64)

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File URL: http://hdl.handle.net/10.1257/aer.97.5.1858
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File URL: http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=97&issue=5&article=14&issue_date=December2007
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Publisher Info
Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 97 (2007)
Issue (Month): 5 (December)
Pages: 1858-1876
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Handle: RePEc:aea:aecrev:v:97:y:2007:i:5:p:1858-1876

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  1. Nagore Iriberri & Pedro Rey-Biel, 2008. "The Role of Role Uncertainty in Modified Dictator Games," Economics Working Papers 1147, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2009. [Downloadable!]
  2. Andreas Nicklisch, 2008. "Inequity Aversion, Reciprocity, and Appropriateness in the Ultimatum-Revenge Game," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2008_24, Max Planck Institute for Research on Collective Goods. [Downloadable!]
  3. Antonio Cabrales & Raffaele Miniaci & Marco Piovesan & Giovanni Ponti, 2009. "Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts," Working Papers 2009-09, FEDEA. [Downloadable!]
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  4. Nagore Iriberri & Pedro Rey-Biel, 2008. "Elicited Beliefs and Social Information in Modified Dictator Games: What Do Dictators Believe Other Dictators Do?," Economics Working Papers 1137, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2009. [Downloadable!]
  5. Hannah Hörisch, 2008. "Is the veil of ignorance only a concept about risk? An experiment," Discussion Papers 230, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
  6. Quoc-Anh Do & Stephen Leider & Markus M. Mobius & Tanya Rosenblat, 2009. "What Do We Expect from Our Friends?," Working Papers 09-2009, Singapore Management University, School of Economics. [Downloadable!]
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