Salience and social choice

The axioms of expected utility and discounted theory have been tested extensively. In contrast, the social welfare functions only in a few questionnaire studies involving choices between hypothetical income distributions. controlled experiment with 100 subjects placed role planners, we test five fundamental properties to determine efficacy traditional choice models predicting planner allocations when presented sets designed theory. We find that three standard are systematically violated, producing an Allais paradox, common ratio effect, framing effect choice. support for scale invariance preference tail-increasing transfers. Our also enables us model salience-based which predicts systematic deviations highlights close relationship these anomalies classical paradoxes risk time.