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ALTRUISM, EQUITY, AND RECIPROCITY IN A GIFT-EXCHANGE EXPERIMENT: AN ENCOMPASSING APPROACH

ALTRUISM, EQUITY, AND RECIPROCITY IN A GIFT-EXCHANGE EXPERIMENT: AN ENCOMPASSING APPROACH,10.2139/ssrn.163236,SSRN Electronic Journal,Gary B Charness,

ALTRUISM, EQUITY, AND RECIPROCITY IN A GIFT-EXCHANGE EXPERIMENT: AN ENCOMPASSING APPROACH   (Citations: 24)
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Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent models of non-pecuniary motives can be classified as either altruism-based, equity-based, or reciprocity-based. We estimate and compare leading approaches in these categories, using experimental data. We then offer a flexible approach that nests the above three approaches, thereby allowing for nested hypothesis testing and for determining the relative strength of each of the competing theories. In addition, the encompassing approach provides a functional form for utility in different settings without the restrictive nature of the approaches nested within it. Using this flexible form for nested tests, we find that intentional reciprocity, distributive concerns, and altruistic considerations all play a significant role in players' decisions.
Journal: SSRN Electronic Journal , 1999
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    • ...18 For the evidence on gift-exchange experiments, see Fehr et al. (1993), Charness (2000), and Charness and Haruvy (2002)...

    Georg Kirchsteigeret al. Your morals might be your moods

    • ...These results seem to lend support to some of the experimental findings of Charness and Haruvy [6] which shows that allowing wages to be determined by an external process reduces an agent’s willingness to reciprocate...

    Emrah Arbaket al. Can Wages Signal Kindness?

    • ...Haruvy [5], Dufwenberg and Kirchsteiger [6] Falk and Fischbacher [8], and Fehr and Schmidt [10], among others...

    Laurence Kranich. A Theory of Endogenous Sentiments

    • ...18 For the evidence on gift-exchange experiments, see Fehr at al. [18] and [19], Charness [9], and Charness and Haruvy [11]...

    Georg Kirchsteigeret al. Your Morals Are Your Moods

    • ...game, she chooses between (8,2) and (5,5); in the third game she chooses between (8,2) and (2,8)...
    • ...game, she chooses between (8,2) and (5,5); in the third game she chooses between (8,2) and (2,8)...
    • ...game, she chooses between (8,2) and (5,5); in the third game she chooses between (8,2) and (2,8)...
    • ...Consider how Bob will act in each of the three games if he is faced with the choice between (8,2) and (0,0)...
    • ...Figure 1: that Bob always chooses (8,2). Whenever people are actually faced with these choices in laboratory games, however,...
    • ...the (8,2) allocation (FFF, Charness and Rabin (2002))...
    • ...make assumptions about what Bob believes Ann’s intentions were when she o¤ered (8,2)...
    • ...the inequality in the (8,2) distribution more than in games 1 and 3. In this paper, I show how...
    • ...inequalities. For example, Bob may feel that choosing a (2,8) distribution involves taking...
    • ...a payo¤ set that ranges from (2,8) to (3,7) in one case, and from (2,8) through (3,7) to (5,5)...
    • ...a payo¤ set that ranges from (2,8) to (3,7) in one case, and from (2,8) through (3,7) to (5,5)...

    Martin E. Sandbu. A Theory of Reference-Dependent Fairness Preferences

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