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The origin of wealth matters: Equity norms trump equality norms in the ultimatum game with earned endowments

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dc.contributor.authorBarber, Benjamin
dc.contributor.authorEnglish, William
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-01-09T16:45:52Z
dc.date.available2025-01-09T16:45:52Z
dc.date.issued2019-02
dc.description.abstractWe conduct an ultimatum game with three treatments: one in which endowments are earned through a real effort task (answering spelling questions under time pressure), one in which endowments are awarded through lotteries, and a standard ultimatum game with exogenously provided wealth. When subjects earn the money at stake, the modal response ceases to be an equal split, as proposals anchor around comparative earnings and these proposals are statistically different from those observed in the other treatments. Moreover, roughly half of lower earners propose keeping less than 50% of the pot for themselves. We argue that these results are best explained by Bicchieri’s account of norms and that equity, rather than equality, becomes the dominant norm in ultimatum bargaining when endowments are earned.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationBarber IV, B. S., & English, W. (2019). The origin of wealth matters: Equity norms trump equality norms in the ultimatum game with earned endowments. Journal of Economic Behavior & Organization, 158, 33-43. https://doi.org/10.1016/j.jebo.2018.11.008
dc.identifier.doihttps://doi.org/10.1016/j.jebo.2018.11.008
dc.identifier.issn2328-7616
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3429
dc.journal.titleJournal of Economic Behavior & Organization
dc.language.isoen
dc.publisherElsevier
dc.relation.departmentStrategy
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordUltimatum game
dc.subject.keywordNorms
dc.subject.keywordEquity theory
dc.subject.keywordInequity aversion
dc.subject.keywordEarned endowments
dc.titleThe origin of wealth matters: Equity norms trump equality norms in the ultimatum game with earned endowments
dc.typeinfo:eu-repo/semantics/article
dc.version.type info:eu-repo/semantics/acceptedVersion
dc.volume.number158
dspace.entity.typePublication
relation.isAuthorOfPublicationee50c52d-1b33-4b98-bd82-80590a37dd42
relation.isAuthorOfPublication.latestForDiscoveryee50c52d-1b33-4b98-bd82-80590a37dd42
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