Probabilistic social preference: how Machina’s Mom randomizes her choice

Bin Miao, Songfa Zhong

Research output: Contribution to journalArticlepeer-review

Abstract

We experimentally investigate preference for randomization in social settings, in which the dictator chooses probabilistically between two allocations for herself and an anonymous recipient. We observe substantial proportions of subjects choosing to randomize under various circumstances. The observed patterns have rich implications for various assumptions in social preference models and shed light on recent studies on ex-ante and ex-post social preferences.

Original languageEnglish (US)
Pages (from-to)1-24
Number of pages24
JournalEconomic Theory
Volume65
Issue number1
DOIs
StatePublished - Jan 1 2018

Keywords

  • Ex-ante fairness
  • Ex-post fairness
  • Risk preference
  • Social preference

ASJC Scopus subject areas

  • Economics and Econometrics

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