We perform an experimental analysis to investigate participants' choices of allocative criteria under different conditions. We document that performance-based criteria guaranteeing a minimal egalitarian base are widely preferred by both neutral spectators and stakeholders without information on relative payoffs, although popularity among stakeholders is mostly due to self-interest considerations and optimism concerning their expected performance. Information regarding the distribution of payoffs under different criteria dramatically reduces such choice because the self-interest motive directly emerges, and most players opt to revise their decision in favor of the criterion maximizing their own payoff.

Performance, Luck and Equality: An Experimental Analysis of Subjects' Preferences for Different Allocation Criteria

Ottone S.
;
2018-01-01

Abstract

We perform an experimental analysis to investigate participants' choices of allocative criteria under different conditions. We document that performance-based criteria guaranteeing a minimal egalitarian base are widely preferred by both neutral spectators and stakeholders without information on relative payoffs, although popularity among stakeholders is mostly due to self-interest considerations and optimism concerning their expected performance. Information regarding the distribution of payoffs under different criteria dramatically reduces such choice because the self-interest motive directly emerges, and most players opt to revise their decision in favor of the criterion maximizing their own payoff.
2018
18
1
1
1
equality; fairness; justice; luck; performance
Becchetti L.; Antoni G.D.; Ottone S.; Solferino N.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/1771011
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