منابع مشابه
Are People Inequality-Averse, or Just Risk-Averse?
Individuals’ preferences for risk and inequality are measured through choices between imagined societies and lotteries. The median relative risk aversion, which is often seen to reflect social inequality aversion, is between 2 and 3. Most people are also found to be individually inequality-averse, reflecting a willingness to pay for living in a more equal society. Left-wing voters and women are...
متن کاملAre Risk Averters Averse to Risky Gambles?∗
This paper defines local aversion to a risk index. I show that the local aversion to the Aumann and Serrano [2008] index of riskiness coincides with absolute risk aversion, and that the same applies for the Foster and Hart [2009] measure of riskiness. Using this “local consistency” I offer a new approach for axiomatizing the Aumann and Serrano index of riskiness and present other applications o...
متن کاملAre apes really inequity averse?
Brosnan et al. (Brosnan, S. F. Schiff, H. C. & de Waal, F. B. M. 2005 Tolerance for inequity may increase with social closeness in chimpanzees. Proc. R. Soc. B272, 253-258) found that chimpanzees showed increased levels of rejection for less-preferred food when competitors received better food than themselves and postulated as an explanation inequity aversion. In the present study, we extended ...
متن کاملSmallness of Invisible Dictators
Fishburn (1970) showed that in an infinite society Arrow’s axioms for a preference aggregation rule do not necessarily imply a dictator. Kirman and Sondermann (1972) showed that, in this case, nondictatorial rules imply an invisible dictator that, whenever the agent set is an atomless finite measure space, can be viewed as the limit of coalitions of arbitrarily small size. We show first that, w...
متن کاملAre smarter people really less risk averse ?
Using hypothetical lottery choices to measure risk preferences, Frederick (2005) finds that higher cognitive ability is associated with less risk aversion. This paper documents, however, that when using an incentive compatible measure of risk preference, attitudes towards risk are not associated to cognitive ability as measured by Frederick’s (2005) three-item cognitive reflection test. This is...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2012
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2012.03.009