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An experimental study on individual choice, social welfare, and social preferences |
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| Authors: | Stefan Traub Christian Seidl |
| Affiliation: | a Fachbereich Wirtschaftswissenschaft, Universität Bremen, Hochschulring 4, D-28359 Bremen, Germany b Institut für Volkswirtschaftslehre, Abteilung für Finanzwissenschaft und Sozialpolitik, Universität Kiel, D-24098 Kiel, Germany c Institut für Weltwirtschaft, D-24105 Kiel, Germany |
| Abstract: | We experimentally study subjects’ compliance with dominance relationships of income distributions in a ranking task. The experiment consisted of four different treatments: Lottery, individual choice, social preferences, and social planner. Our results suggest that people's risk attitudes do not adequately reflect their inequality attitudes. Uninvolved social planners exhibit randomization preferences, while self-interested social planners are generally more inequality averse and try to avoid extreme outcomes. |
| Keywords: | D31 C91 D63 |
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