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

Research, Preprint OPEN
Dannenberg, Astrid ; Riechmann, Thomas ; Sturm, Bodo ; Vogt, Carsten (2010)
  • 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 | 300 Sozialwissenschaften, Soziologie, Anthropologie | Soziale Ungleichheit | 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
Share - Bookmark