Inequity aversion
Reciprocity, inequity aversion, and oligopolistic competition
... or inequity aversion have an impact on Bertrand ...with inequity averse managers engage in Bertrand competition and marginal costs are constant, only if both managers are willing to give up more than ...
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Inequity aversion and team incentives
... on inequity aversion among employers and employees, whereas this paper only focuses on inequity aversion among ...an inequity averse agent who compares himself with a sel…sh principal ...
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Siemens, Ferdinand von (2004): Inequity Aversion and Incentives: Three Essays in Microeconomic Theory. Dissertation, LMU München: Volkswirtschaftliche Fakultät
... of inequity aversion, social norms, or other- regarding preferences on team ...for inequity aversion in teams of two agents and shows that contracts may use inequity aversion to ...
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Modeling Social Preferences: A Generalized Model of Inequity Aversion
... two tests are (i) the Variety test (V-Test) and (ii) the Psychological test (P-Test). This paper applies these tests to representative models of the literature and demonstrates that none of the models proposed to date ...
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Desert and inequity aversion in teams
... the inequity-aversion model of Fehr and Schmidt (1999), and one of the aims of our paper is to clarify this ...(1999)-type inequity aversion over monetary payo¤s net of e¤ort costs as a ...
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Estimating sign dependent societal preferences for quality of life
... and inequity aversion are both relevant contrasts to the results from Bleichrodt et ...most inequity aversion seemed to emerge from a convex equity weighting function instead of a concave ...
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Why should majority voting be unfair?
... that inequity aversion (Fehr and Schmidt, 1999) further increases ...that inequity is considered an undesirable outcome in many societies, it appears unclear why groups continue to choose by majority ...
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New Caledonian crows rapidly solve a collaborative problem without cooperative cognition
... various inequity conditions. No inequity aversion was found when the quantity (group 1) or the quality (group 2) of the rewards was varied, despite the task meeting the optimal conditions for ...
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Making Sense of the Experimental Evidence on Endogenous Timing in Duopoly Markets
... of inequity aversion between firms is relatively low, then Hamilton and Slutsky’s action commitment game has a continuum of symmetric SPNE and two asymmetric ...with inequity averse fi ...
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Englmaier, Florian (2005): The Effects of Preference Characteristics and Overconfidence on Economic Incentives. Dissertation, LMU München: Volkswirtschaftliche Fakultät
... agents’ inequity aversion by offering them very unequal payoffs off the desired equilibrium and thus reduce ...face inequity in alternative ...
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The developmental foundations of human fairness
... (disadvantageous inequity aversion 8,9,11 ...(advantageous inequity aversion 8,9,11 ), demonstrating costly conformity to a fairness ...
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Manufacturer’s pricing strategies for a supply chain with fairness concern
... As inequity aversion plays an important role in developing and maintaining channel relationships, some research papers address related ...procedural inequity aversion to explain why “people ...
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Essays on migration and risk aversion
... Assuming that risk preferences are normally distributed®, I explore how the rate of migration changes as migrant networks in the receiving country increase the probability of finding wor[r] ...
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Myopic loss aversion revisited
... We are grateful to Uri Gneezy, Jan Potters, Michael Haigh, John List, Thomas Langer and Martin Weber who generously provided their experimental data. We also thank participants of the 2 nd International Meeting on ...
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Performance measurement with loss aversion
... In this paper we propose a new measure of performance based on prospect theory and compare it, both theoretically and empirically, with other performance measures. The measure, which we denote as loss-aversion ...
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Adaptive utility and trial aversion
... The use of adaptive utility, as introduced by Cyert and DeGroot (1975), suggests a Bayesian model of preference learning, allowing for a Bayesian analysis of the decision problem even when the DM is unable to fully ...
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Conditional cooperation and betrayal aversion
... betrayal aversion and the tools of Fischbacher et ...betrayal aversion that attempts to solve potential problems of the Bohnet and Zeckhauser method, discussed in Section ...betrayal aversion and ...
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Two Types of Risk
... generalization, aversion to risk is aversion to chance. Analogies between aversion to chance and aversion to risk in the narrow sense motivate the generalization of ...manifest aversion ...
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Behavioral Finance
... loss aversion owing t o t he house m oney effect addit ionally can explain high equit y ret urn volat ilit y and t he value effect in t he cross-sect ion of ret urns (Benart zi & Thaler (1995) and Barberis ...
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How to make loss aversion disappear and reverse : tests of the decision by sampling origin of loss aversion
... the aversion to mixed gambles in the accept-reject task should be largely attributed to a status quo bias (Ert & Erev, 2013; Gal, 2006) in which people are biased to reject ...loss aversion, , is ...
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