Testing the single-peakedness of other-regarding preferences

Levati, Vittoria, Nicholas, Aaron and Rai, Birendra 2014, Testing the single-peakedness of other-regarding preferences, European economic review, vol. 67, pp. 197-209, doi: 10.1016/j.euroecorev.2014.01.001.

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Title Testing the single-peakedness of other-regarding preferences
Author(s) Levati, Vittoria
Nicholas, AaronORCID iD for Nicholas, Aaron orcid.org/0000-0002-4907-6319
Rai, Birendra
Journal name European economic review
Volume number 67
Start page 197
End page 209
Total pages 13
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2014-04
ISSN 0014-2921
Keyword(s) other-regarding preferences
single-peaked preferences
Summary We test an implication that is common to all prominent theories of outcome-based other-regarding preferences: the ordinal preference ranking of an agent over a finite number of alternatives lying on any straight line in the space of material payoffs to oneself and some other agent must be single-peaked or single-plateaued. An incentive compatible mechanism is used to elicit strict preference rankings of subjects over a finite set of alternatives in decision tasks based on dictator and trust games. Violations of single-peakedness range from a low of 19% to a high of 46% across the six main treatments. Other-regarding subjects violate single-peakedness significantly more often than self-regarding subjects. The presence of equal-split in the set of alternatives increases the number of violations. We argue that the violations cannot be explained by appealing to the relative ease of reporting certain rankings or as errors from the theoretical benchmark.
Language eng
DOI 10.1016/j.euroecorev.2014.01.001
Field of Research 140206 Experimental Economics
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2014, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30062287

Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Business School
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