ICES Brown Bag for October 31

Events, Seminars | October 29, 2017

Join us for the next ICES Brown Bag Lecture of the semester, featuring Arthur Dolgopolov.

Mr. Dolgopolov, of George Mason University, will discuss his paper (co-authored with Mikhail Freer) Revealed Social Preferences (Abstract). The talk will take place on Tuesday, October 31st, from 12:00 to 1:00pm, in room 5075 of the Vernon Smith Hall (formerly Metropolitan Building), Arlington campus.

Coffee and dessert will be provided.

Please visit the Brown Bag Schedule to learn more about the Brown Bag series.

Abstract

We apply revealed preference approach to test the consistency of observed behavior with different theories of social preferences. In particular, we provide a revealed preference criteria for the observed set of choices to be generated by inequality averse preferences and by altruistic preferences which exhibit increasing benevolence. Moreover, we bring these tests to the experimental data on dictator games. We found that both inequality aversion and increasing benevolence assumptions are empirically significantly restrictive. That is there is a significant share of population that is consistent with having other-regarding preferences, but cannot be explained by either of stricter theories. In terms of comparing performance of inequality aversion and increasing benevolence, we find that people rather exhibit inequality averse, than increasing benevolence preferences.

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