Are Self-Regarding Subjects More Rational?
Universitat Pompeu Fabra
University of Bologna - Department of Economics
University of Modena and Reggio Emilia
January 16, 2012
Quaderni DSE Working Paper No. 805
Through an experiment, we investigate how the level of rationality relates to concerns for equality and efficiency. Subjects perform dictator games and a guessing game. More rational subjects are not more frequently of the self-regarding type. When performing a comparison within the same degree of rationality, self-regarding subjects show more strategic sophistication than other subjects.
Number of Pages in PDF File: 15
Keywords: steps of reasoning, other-regarding preferences
JEL Classification: C91, C92, D63working papers series
Date posted: January 19, 2012
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