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Wie (un-)fair sind Ökonomen? – Neue empirische Evidenz zur Marktbewertung und Rationalität / How (un-)fair are economists? New empirical evidence on market valuation and rationality

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  • Ruske René
  • Suttner Johannes

Abstract

The present document analyzes the differences between economists and noneconomists with respect to the valuation of various mechanisms for the allocation of a scarce resource, as well as the isolated influence of rational choice on the fairness judgment of economists. For this purpose, we conducted a survey based on Frey et al. (1993) and Haucap and Just (2010) among more than 600 students of different fields of studies from the University of Münster. As a result, we show that there are different attitudes depending on the field of study, especially with regard to the fairness of the market mechanism. This fact could mainly be explained by self-selection effects of economists. Furthermore, this article shows that indoctrination with rational choice had almost no effect on the judgment of economists.

Suggested Citation

  • Ruske René & Suttner Johannes, 2012. "Wie (un-)fair sind Ökonomen? – Neue empirische Evidenz zur Marktbewertung und Rationalität / How (un-)fair are economists? New empirical evidence on market valuation and rationality," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 63(1), pages 179-194, January.
    • Handle: RePEc:bpj:ordojb:v:63:y:2012:i:1:p:179-194:n:14
    DOI: 10.1515/ordo-2012-0114
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