Measuring tastes for equity and aggregate wealth behind the veil of ignorance

IF 1 3区 经济学 Q3 ECONOMICS
Jan Heufer , Jason Shachat , Yan Xu
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引用次数: 0

Abstract

We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance while controlling for idiosyncratic risk preferences. We construct a battery of portfolio and wealth distribution choice problems sharing a common budget set. A given bundle induces the same distribution over an individual's wealth in both problems. The portfolio choice solely reflects an individual's risk attitude, providing a benchmark to evaluate whether their wealth distribution choice exhibits equity or efficiency preferring tastes. Our experiments show clusters of social preference types, which are unexpectedly independent of risk preferences.
在无知的面纱背后衡量公平和总财富的品味
我们提出了一种工具来衡量个人在无知之幕背后对公平和效率的社会偏好,同时控制特殊的风险偏好。我们构造了一组投资组合和财富分配选择问题,这些问题共享一个公共预算集。在这两个问题中,一个给定的捆绑会导致对个人财富的相同分配。投资组合选择仅仅反映了个人的风险态度,提供了一个基准来评估他们的财富分配选择是表现出公平偏好还是效率偏好。我们的实验显示了社会偏好类型的集群,它们出乎意料地独立于风险偏好。
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来源期刊
CiteScore
1.90
自引率
9.10%
发文量
148
期刊介绍: Games and Economic Behavior facilitates cross-fertilization between theories and applications of game theoretic reasoning. It consistently attracts the best quality and most creative papers in interdisciplinary studies within the social, biological, and mathematical sciences. Most readers recognize it as the leading journal in game theory. Research Areas Include: • Game theory • Economics • Political science • Biology • Computer science • Mathematics • Psychology
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