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Individual Preferences for Giving

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Author Info

  • Raymond Fisman

    (Graduate School of Business, Columbia University)

  • Shachar Kariv

    (Department of Economics, University of California, Berkeley)

  • Daniel Markovits

    (Yale Law School, Yale University)

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    Abstract

    This paper reports an experimental test of individual preferences for giving. We use graphical representations of modified Dictator Games that vary the price of giving. This generates a very rich data set well- suited to studying behavior at the level of the individual subject. We test the data for consistency with preference maximization, and we recover underlying preferences and forecast behavior using both nonparametric and parametric methods. Our results emphasize that classical demand theory can account surprisingly well for behaviors observed in the laboratory and that individual preferences for giving are highly heterogeneous, ranging from utilitarian to Rawlsian to perfectly selfish.

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    File URL: http://128.118.178.162/eps/game/papers/0504/0504007.pdf
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    Bibliographic Info

    Paper provided by EconWPA in its series Game Theory and Information with number 0504007.

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    Length: 41 pages
    Date of creation: 14 Apr 2005
    Date of revision:
    Handle: RePEc:wpa:wuwpga:0504007

    Note: Type of Document - pdf; pages: 41
    Contact details of provider:
    Web page: http://128.118.178.162

    Related research

    Keywords: Experiment; Fairness; Dictator Game; and Revealed Preference;

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    References

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    1. William T. Harbaugh & Kate Krause & Timothy R. Berry, 2001. "GARP for Kids: On the Development of Rational Choice Behavior," American Economic Review, American Economic Association, vol. 91(5), pages 1539-1545, December.
    2. Hal R. Varian, 1994. "Goodness-of-Fit for Revealed Preference Tests," Econometrics 9401001, EconWPA.
    3. Ernst Fehr & Klaus M. Schmidt, . "A Theory of Fairness, Competition and Cooperation," IEW - Working Papers 004, Institute for Empirical Research in Economics - University of Zurich.
    4. James Andreoni & Lise Vesterlund, 2001. "Which Is The Fair Sex? Gender Differences In Altruism," The Quarterly Journal of Economics, MIT Press, vol. 116(1), pages 293-312, February.
    5. Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-73, July.
    6. Cox, James C, 1997. "On Testing the Utility Hypothesis," Economic Journal, Royal Economic Society, vol. 107(443), pages 1054-78, July.
    7. Afriat, Sidney N, 1972. "Efficiency Estimation of Production Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 568-98, October.
    8. G. Bolton, 2010. "A comparative model of bargaining: theory and evidence," Levine's Working Paper Archive 263, David K. Levine.
    9. Charness, Gary & Rabin, Matthew, 2002. "Understanding Social Preferences with Simple Tests," Department of Economics, Working Paper Series qt3d04q5sm, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    10. Richard Blundell & Martin Browning & Ian Crawford, 2002. "Nonparametric Engel Curves and Revealed Preference," CAM Working Papers 2002-04, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
    11. David K Levine, 1997. "Modeling Altruism and Spitefulness in Experiments," Levine's Working Paper Archive 2047, David K. Levine.
    12. Forsythe Robert & Horowitz Joel L. & Savin N. E. & Sefton Martin, 1994. "Fairness in Simple Bargaining Experiments," Games and Economic Behavior, Elsevier, vol. 6(3), pages 347-369, May.
    13. James Andreoni & John Miller, 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism," Econometrica, Econometric Society, vol. 70(2), pages 737-753, March.
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    Cited by:
    1. Cox, J. & Friedman, D. & Gjerstad, S., 2006. "A Trackable Model of Reciprocity and Fairness," Purdue University Economics Working Papers 1181, Purdue University, Department of Economics.
    2. Stephen Leider & Markus M. Möbius & Tanya Rosenblat & Quoc-Anh Do, 2007. "How much is a friend worth?: directed altruism and enforced reciprocity in social networks," Working Papers 07-11, Federal Reserve Bank of Boston.
    3. Hill, Sarah A. & Neilson, William, 2007. "Inequality aversion and diminishing sensitivity," Journal of Economic Psychology, Elsevier, vol. 28(2), pages 143-153, April.
    4. Rigdon, Mary L. & Levine, Adam Seth, 2009. "The Role of Expectations and Gender in Altruism," MPRA Paper 19372, University Library of Munich, Germany.
    5. Hörisch, Hannah, 2007. "Is the veil of ignorance only a concept about risk? An experiment," Discussion Papers in Economics 1362, University of Munich, Department of Economics.
    6. Boschini, Anne & Muren, Astri & Persson, Mats, 2012. "Constructing gender differences in the economics lab," Journal of Economic Behavior & Organization, Elsevier, vol. 84(3), pages 741-752.
    7. Ray Fisman & Shachar Kariv & Daniel Markovits, 2005. "Pareto Damaging Behaviors," Levine's Bibliography 784828000000000081, UCLA Department of Economics.
    8. Raymond Fisman & Shachar Kariv & Daniel Markovits, 2005. "Distinguishing Social Preferences from Preferences for Altruism," Levine's Bibliography 784828000000000284, UCLA Department of Economics.

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