Equity Concerns are Narrowly Framed
Speaker: Prof Judd B. Kessler
Affiliation: The Wharton School at University of Pennsylvania
Online via Zoom: https://uqz.zoom.us/j/86028716073
Abstract
Distributional decisions regularly involve multiple payoff components. In a series of experiments, we show that individuals frequently exhibit narrow equity concerns: they apply their fairness preferences narrowly, on a specific component of payoffs, rather than on broader payoff consequences. This behavior leads them to make different distributional decisions depending on which payoff component we frame them to consider. We document narrow equity concerns in an exceedingly simple setting – in which payoff components are tokens worth 1 cent and 2 cents – and in context-rich applications including tax policy and worker compensation. We investigate and report on the underlying drivers of narrow equity concerns.
About the presenter's meeting
If you would like to meet Prof Kessler before or after the seminar, please contact Dr Zachary Breig to book a timeslot.
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