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A within-subject analysis of other-regarding preferences

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  • Blanco, Mariana
  • Engelmann, Dirk
  • Normann, Hans Theo

Abstract

We assess the predictive power of a model of other-regarding preferences--inequality aversion--using a within-subject design. We run four different experiments (ultimatum game, dictator game, sequential-move prisoners' dilemma and public-good game) with the same sample of subjects. We elicit two parameters of inequality aversion to test several hypotheses across games. We find that within-subject tests can differ markedly from aggregate-level analyses. Inequality-aversion has predictive power at the aggregate level but performs less well at the individual level. The model seems to capture various behavioral motives in different games but the correlation of these motives is low within subjects.

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Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 72 (2011)
Issue (Month): 2 (June)
Pages: 321-338

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Handle: RePEc:eee:gamebe:v:72:y:2011:i:2:p:321-338
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

Keywords: Behavioral economics Experimental economics Inequality aversion Other-regarding preferences;

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Find related papers by JEL classification:
  • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
  • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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