Abstract

http://ssrn.com/abstract=1978839
 
 

References (38)



 


 



Social Preferences in Private Decisions


Jona Linde


affiliation not provided to SSRN

Joep Sonnemans


University of Amsterdam - Amsterdam School of Economics (ASE)

December 30, 2011

Tinbergen Institute Discussion Paper No. 2012-003/1

Abstract:     
Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that affects only their own earnings. In the social (individual) treatment participants do (not) observe the earnings of others. In the social treatment gambles therefore not only affect absolute but also relative earnings. Outcome-based social preference models therefore predict a treatment difference. We find that decisions are generally the same in both treatments, in line with rule-based social preference models, like procedural fairness.

Number of Pages in PDF File: 24

Keywords: fairness, social preferences, decision making under risk, experiment

JEL Classification: C91, D63, D81

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Date posted: January 3, 2012  

Suggested Citation

Linde, Jona and Sonnemans, Joep, Social Preferences in Private Decisions (December 30, 2011). Tinbergen Institute Discussion Paper No. 2012-003/1. Available at SSRN: http://ssrn.com/abstract=1978839 or http://dx.doi.org/10.2139/ssrn.1978839

Contact Information

Jona Linde (Contact Author)
affiliation not provided to SSRN ( email )
Joep Sonnemans
University of Amsterdam - Amsterdam School of Economics (ASE) ( email )
Roetersstraat 11
1018 WB Amsterdam
Netherlands
+31 20 525 4249 (Phone)
+31 20 525 5283 (Fax)
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