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How to elicit distributional preferences: A stress-test of the equality equivalence test
Archive ouverte : Article de revue
Edité par HAL CCSD
International audience. 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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