Exploiting Moral Wiggle Room

Exploiting Moral Wiggle Room - Andrew Rapaport 2/3/09...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
2/3/09 Exploiting Moral Wiggle Room: Experiments Demonstrating and Illusory Preference for Fairness It has been found across a wide range of experiments that people tend to be concerned for others welfare more so than their own reputation or the chance of facing punishment. This particular phenomena is found most clearly in dictator games, where a “dictator” makes a one time disbursement of an endowment between themselves and an anonymous recipient who must accept the division. A purely self concerned dictator would keep the entire endowment but it was found that on average at least %20 was given to the recipient even though steps are taken to ensure anonymity. Theories assume that it reflects a preference for equitable outcomes or social welfare. For instance, someone may have something to gain by giving disbursements to others. Another motive is that people may feel compelled to give in certain situations even though they prefer to maximize their own profits because they do not want to appear as selfish. Therefore the main motivating factor may be self interest coupled with the desire to maintain the illusion of not being selfish. There are also many instances where a dictator would prefer not to know the consequences of their actions so that they do not feel the need to give. On the other hand
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/09/2009 for the course ECON 505 taught by Professor Brad during the Spring '09 term at Ohio State.

Page1 / 4

Exploiting Moral Wiggle Room - Andrew Rapaport 2/3/09...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online