Fairness-based Altruism

Breitmoser Y, Vorjohann P (2022) Center for Mathematical Economics Working Papers; 666.
Bielefeld: Center for Mathematical Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Breitmoser, YvesUniBi; Vorjohann, Pauline
Abstract / Bemerkung
Why do people give when asked, but prefer not to be asked, and even take when possible? We introduce a novel analytical framework that allows us to express context dependence and narrow bracketing axiomatically. We then derive the utility representation of distributive preferences additionally obeying standard axioms such as separability and scaling invariance. Such pref- erences admit a generalized prospect-theoretical utility representation reminiscent of fairness- based altruism. As in prospect theory, the underlying preferences are reference dependent and non-convex, which directly predicts the previously irreconcilable empirical evidence on giving, sorting, and taking. We test the model quantitatively on data from seminal experiments and observe significantly improved fit in relation to existing models, both in-sample and out-of- sample.
Stichworte
Social preferences; axiomatic foundation; robustness; giving; charitable donations
Erscheinungsjahr
2022
Serientitel
Center for Mathematical Economics Working Papers
Band
666
Seite(n)
63
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2962935

Zitieren

Breitmoser Y, Vorjohann P. Fairness-based Altruism. Center for Mathematical Economics Working Papers. Vol 666. Bielefeld: Center for Mathematical Economics; 2022.
Breitmoser, Y., & Vorjohann, P. (2022). Fairness-based Altruism (Center for Mathematical Economics Working Papers, 666). Bielefeld: Center for Mathematical Economics.
Breitmoser, Y., and Vorjohann, P. (2022). Fairness-based Altruism. Center for Mathematical Economics Working Papers, 666, Bielefeld: Center for Mathematical Economics.
Breitmoser, Y., & Vorjohann, P., 2022. Fairness-based Altruism, Center for Mathematical Economics Working Papers, no.666, Bielefeld: Center for Mathematical Economics.
Y. Breitmoser and P. Vorjohann, Fairness-based Altruism, Center for Mathematical Economics Working Papers, vol. 666, Bielefeld: Center for Mathematical Economics, 2022.
Breitmoser, Y., Vorjohann, P.: Fairness-based Altruism. Center for Mathematical Economics Working Papers, 666. Center for Mathematical Economics, Bielefeld (2022).
Breitmoser, Yves, and Vorjohann, Pauline. Fairness-based Altruism. Bielefeld: Center for Mathematical Economics, 2022. Center for Mathematical Economics Working Papers. 666.
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2022-05-13T14:37:13Z
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