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on Cognitive and Behavioural Economics |
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Issue of 2021‒10‒11
three papers chosen by Marco Novarese Università degli Studi del Piemonte Orientale |
| By: | Sandro Ambuehl; B. Douglas Bernheim |
| Abstract: | We investigate how individuals think groups should aggregate members’ ordinal preferences -that is, how they interpret “the will of the people.” In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify subjects according to the rules they apparently deploy. Majoritarianism is rare. Instead, people employ rules that place greater weight on compromise options. The classification’s fit is excellent, and clustering analysis reveals that it does not omit important rules. We ask whether rules are stable across domains, whether people impute cardinal utility from ordinal ranks, and whether attitudes toward aggregation differ across countries with divergent traditions. |
| Keywords: | preference aggregation, experiment, social welfare analysis |
| JEL: | C91 D71 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_9317&r= |
| By: | Ernesto Mesa-Vazquez (Universidad de Valencia, ERICES); Ismael Rodriguez-Lara (Department of Economics, Universidad de Granada & Economic Science Institute (ESI), Chapman University); Amparo Urbano (Universidad de Valencia, ERICES) |
| Abstract: | We show that generosity is affected when we vary the level of role uncertainty, i.e., the probability that the dictator’s decision will be implemented. We also show that framing matters for generosity in that subjects are less generous when they are told that their choices will be implemented with a certain probability, compared with a setting in which they are told that their choices will not be implemented with certain probability. |
| Keywords: | dictator games, generosity, role uncertainty, framing effects |
| JEL: | C91 D3 D6 D81 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:chu:wpaper:21-17&r= |
| By: | Qi, Danyi; Li, Ran; Penn, Jerrod; Houghtaling, Bailey; Prinyawiwatkul, Witoon; Roe, Brian E. |
| Keywords: | Marketing, Research Methods/Statistical Methods, Institutional and Behavioral Economics |
| Date: | 2021–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea21:313980&r= |