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What Ethics Can Learn From Experimental Economics – If Anything

Author

Listed:
  • Werne Güth
  • Hartmut Kliemt

Abstract

Relying on the specific example of ultimatum bargaining experiments this paper explores the possible role of empirical knowledge of behavioural "norm(ative) facts" within the search for (W)RE – (Wide) Reflective Equilibria on normative issues. Assuming that "pro-social" behaviour "reveals" moral orientations, it is argued that these "norm-facts" can and should be used along with stated preferences in justificatory arguments of normative ethics and economics of the "means to given ends" variety. At the same time behavioural norm-facts are so heterogeneous that any hopes to reach an inter-personally agreed (W)RE in matters moral seem futile.

Suggested Citation

  • Werne Güth & Hartmut Kliemt, 2009. "What Ethics Can Learn From Experimental Economics – If Anything," Papers on Strategic Interaction 2009-05, Max Planck Institute of Economics, Strategic Interaction Group.
    • Handle: RePEc:esi:discus:2009-05
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