Stability and explanatory power of inequality aversion : an investigation of the house money effect

Research, Preprint English OPEN
Dannenberg, Astrid; Riechmann, Thomas; Sturm, Bodo; Vogt, Carsten;
  • Publisher: Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
  • Subject: inequality aversion | H41 | Test | individual preferences | Gerechtigkeit | house money | prisoner's dilemma | Gefangenendilemma | individual preferences,inequality aversion,experimental economics,prisoner's dilemma,house money | C91 | experimental economics | Soziale Ungleichheit | 300 Sozialwissenschaften, Soziologie, Anthropologie | C92 | Präferenztheorie
    • jel: jel:H41 | jel:C92 | jel:C91
      ddc: ddc:330

In this paper, we analyse if individual inequality aversion measured with simple experimental games depends on whether the monetary endowment in these games is either a windfall gain ("house money") or a reward for a certain effort-related performance. Moreover, we anal... View more
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