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Statements

Subject Item
n2:RIV%2F67985998%3A_____%2F13%3A00394897%21RIV14-AV0-67985998
rdf:type
n8:Vysledek skos:Concept
dcterms:description
The relationship between risk in the environment, risk aversion and inequality aversion is not well understood. Theories of fairness have typically assumed that pie sizes are known ex-ante. Pie sizes are, however, rarely known ex ante. Using two simple allocation problems—the Dictator and Ultimatum game—we explore whether, and how exactly, unknown pie sizes with varying degrees of risk (“endowment risk) influence individual behavior. We derive theoretical predictions for these games using utility functions that capture additively separable constant relative risk aversion and inequity aversion. We experimentally test the theoretical predictions using two subject pools: students of Czech Technical University and employees of Prague City Hall. The relationship between risk in the environment, risk aversion and inequality aversion is not well understood. Theories of fairness have typically assumed that pie sizes are known ex-ante. Pie sizes are, however, rarely known ex ante. Using two simple allocation problems—the Dictator and Ultimatum game—we explore whether, and how exactly, unknown pie sizes with varying degrees of risk (“endowment risk) influence individual behavior. We derive theoretical predictions for these games using utility functions that capture additively separable constant relative risk aversion and inequity aversion. We experimentally test the theoretical predictions using two subject pools: students of Czech Technical University and employees of Prague City Hall.
dcterms:title
Fairness in risky environments: theory and evidence Fairness in risky environments: theory and evidence
skos:prefLabel
Fairness in risky environments: theory and evidence Fairness in risky environments: theory and evidence
skos:notation
RIV/67985998:_____/13:00394897!RIV14-AV0-67985998
n8:predkladatel
n16:ico%3A67985998
n4:aktivita
n7:I
n4:aktivity
I
n4:cisloPeriodika
2
n4:dodaniDat
n6:2014
n4:domaciTvurceVysledku
van Koten, Silvester n15:7221800
n4:druhVysledku
n18:J
n4:duvernostUdaju
n10:S
n4:entitaPredkladatele
n14:predkladatel
n4:idSjednocenehoVysledku
74581
n4:idVysledku
RIV/67985998:_____/13:00394897
n4:jazykVysledku
n13:eng
n4:klicovaSlova
fairness; risk aversion; subject-pool effects
n4:klicoveSlovo
n5:subject-pool%20effects n5:fairness n5:risk%20aversion
n4:kodStatuVydavatele
CH - Švýcarská konfederace
n4:kontrolniKodProRIV
[C06C2A8413CF]
n4:nazevZdroje
Games
n4:obor
n17:AH
n4:pocetDomacichTvurcuVysledku
2
n4:pocetTvurcuVysledku
3
n4:rokUplatneniVysledku
n6:2013
n4:svazekPeriodika
4
n4:tvurceVysledku
Ortmann, A. Babický, Vítězslav van Koten, Silvester
s:issn
2073-4336
s:numberOfPages
35
n12:doi
10.3390/g4020208