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How to elicit distributional preferences: A stress-test of the equality equivalence test

Abstract : The experimental measurement of social preferences has led to somewhat equivocal results. The experimental Equality Equivalence Test proposed by Kerschbamer (2015) is a promising, simple, model-free and comprehensive tool for eliciting distributional social preferences. We here assess the validity of this method by modifying it so that we can test its key assumption: that the strength of the concern for the inactive player depends only on whether her payoff is above or below that of the decision-maker. In general, we find that this assumption holds. Moreover, the prevalence of types of social preferences that we observe is similar to that in the original paper, with selfish and quasi-maximin (Charness and Rabin 2002) being the most common.
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https://hal.archives-ouvertes.fr/hal-03130257
Contributor : Isabelle Celet Connect in order to contact the contributor
Submitted on : Wednesday, February 3, 2021 - 2:33:14 PM
Last modification on : Tuesday, January 4, 2022 - 6:27:32 AM

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Michal Krawczyk, Fabrice Le Lec. How to elicit distributional preferences: A stress-test of the equality equivalence test. Journal of Economic Behavior & Organization, 2021, 182, pp.13-28. ⟨10.1016/j.jebo.2020.11.028⟩. ⟨hal-03130257⟩

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