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Journal Articles Journal of Economic Behavior & Organization Year : 2021

How to elicit distributional preferences: A stress-test of the equality equivalence test

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Abstract

The experimental measurement of social preferences has led to somewhat equivocal results. The experimental Equality Equivalence Test proposed by Kerschbamer (2015) is a promising, simple, model-free and comprehensive tool for eliciting distributional social preferences. We here assess the validity of this method by modifying it so that we can test its key assumption: that the strength of the concern for the inactive player depends only on whether her payoff is above or below that of the decision-maker. In general, we find that this assumption holds. Moreover, the prevalence of types of social preferences that we observe is similar to that in the original paper, with selfish and quasi-maximin (Charness and Rabin 2002) being the most common.
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hal-03130257 , version 1 (03-02-2021)

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Michal Krawczyk, Fabrice Le Lec. How to elicit distributional preferences: A stress-test of the equality equivalence test. Journal of Economic Behavior & Organization, 2021, 182, pp.13-28. ⟨10.1016/j.jebo.2020.11.028⟩. ⟨hal-03130257⟩
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