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What Ethics Can Learn From Experimental Economics - If Anything

Author

Listed:
  • Werner Güth

    (Max Planck Institute of Economics, Jena, Strategic Interaction Group)

  • Hartmut Kliemt

    (Frankfurt School of Finance and Management)

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 an inter-personal (W)RE - (Wide) Reflective Equilibrium on normative issues. Assuming that pro-social behaviour "reveals" ethical 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.

Suggested Citation

  • Werner Güth & Hartmut Kliemt, 2008. "What Ethics Can Learn From Experimental Economics - If Anything," Jena Economics Research Papers 2008-062, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2008-062
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    File URL: https://oweb.b67.uni-jena.de/Papers/jerp2008/wp_2008_062.pdf
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    Cited by:

    1. Wolfgang Breuer & Jannis Bischof & Christian Hofmann & Jochen Hundsdoerfer & Hans-Ulrich Küpper & Marko Sarstedt & Philipp Schreck & Tim Weitzel & Peter Witt, 2023. "Recent developments in Business Economics," Journal of Business Economics, Springer, vol. 93(6), pages 989-1013, August.
    2. Werner Güth, 2009. "Optimal gelaufen, einfach zufrieden oder unüberlegt gehandelt? Zur Theorie (un)eingeschränkt rationalen Entscheidens," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(s1), pages 75-100, May.
    3. Christian Schubert, 2013. "Is Novelty Always a Good Thing? Towards an Evolutionary Welfare Economics," Economic Complexity and Evolution, in: Guido Buenstorf & Uwe Cantner & Horst Hanusch & Michael Hutter & Hans-Walter Lorenz & Fritz Rahmeyer (ed.), The Two Sides of Innovation, edition 127, pages 209-242, Springer.
    4. Gogoll, Jan & Uhl, Matthias, 2020. "Leviathan for Sale: The Fallacy of Trusting in People Instead of Institutions," European Journal of Political Economy, Elsevier, vol. 63(C).
    5. Mejía Cubillos, Javier, 2012. "Ética y Justicia. Reflexiones a partir de The Idea of Justice de Amartya Sen [Ethics and justice. Reflections on The Idea of ​​Justice by Amartya Sen]," MPRA Paper 37458, University Library of Munich, Germany.
    6. Miguel A. Costa‐Gomes & Yuan Ju & Jiawen Li, 2019. "Role‐Reversal Consistency: An Experimental Study Of The Golden Rule," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 685-704, January.
    7. Maj-Britt Sterba, 2022. "The fairness of inequality due to risk and effort choices," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2022_05, Max Planck Institute for Behavioral Economics.

    More about this item

    Keywords

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    JEL classification:

    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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