Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/273042 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Center for Mathematical Economics Working Papers No. 666
Verlag: 
Bielefeld University, Center for Mathematical Economics (IMW), Bielefeld
Zusammenfassung: 
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 preferences admit a generalized prospect-theoretical utility representation reminiscent of fairnessbased 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-ofsample.
Schlagwörter: 
Social preferences
axiomatic foundation
robustness
giving
charitable donations
JEL: 
C91
D64
D03
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Dokumentart: 
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