Gamblers hate inequality: evidence from China
AbstractTwo gambles are presented in this article along with two treatments which allow us to test for inequality aversion without having to consider risk aversion. This work complements existing studies by extending it to the gambling environment. In gambling decisions made from a ‘losses from an initial endowment’ approach, we find that regardless of whether out-of-pocket losses are an issue, both Chinese male and female students bet less when they know that losses will be distributed to the winners of gambles with excessive winnings.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 19 (2012)
Issue (Month): 12 (August)
Contact details of provider:
Web page: http://www.tandfonline.com/RAEL20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.