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Preferences, Intentions, and Expectations : A Large-Scale Experiment With a Representative Subject Pool

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  • Bellemare, C.

    (Tilburg University, School of Economics and Management)

  • Kroger, S.

    (Tilburg University, School of Economics and Management)

  • van Soest, A.H.O.

    (Tilburg University, School of Economics and Management)

Abstract

We specify and estimate an econometric model which separately identifies distributional preferences and the effects of perceived intentions on responder behavior in the ultimatum game. We allow the effects of perceived intentions to depend, among other things, on the subjective probabilities responders attach to the possible offers. We estimate the model on a large representative sample from the Dutch population. We find that the relative importance of distributional preferences ad perceived intentions depends significantly on the socio-economic characteristics of responders. Strong inequity aversion to the other player's disadvantage is found for lower educated and older respodents. Responders tend to punish unfavorable offers more if they expect that fair proposals will occur with higher probability.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Bellemare, C. & Kroger, S. & van Soest, A.H.O., 2007. "Preferences, Intentions, and Expectations : A Large-Scale Experiment With a Representative Subject Pool," Other publications TiSEM aabea5c7-2d80-4d2d-b746-a, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:aabea5c7-2d80-4d2d-b746-a8f11be64ada
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    References listed on IDEAS

    as
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    Cited by:

    1. Ernst Fehr, 2009. "On The Economics and Biology of Trust," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 235-266, 04-05.
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    3. Eckel, Catherine & Gintis, Herbert, 2010. "Blaming the messenger: Notes on the current state of experimental economics," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 109-119, January.

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    More about this item

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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