The consistency of fairness rules: An experimental study |
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| Institution: | 1. Universität Göttingen, RTG Globalization and Development, Platz der Göttinger Sieben 5, Göttingen 37073, Germany;2. Leibniz Universität Hannover, Institute for Development and Agricultural Economics, Königsworther Platz 1, Hannover 30167, Germany;3. Center for Evaluation and Development (C4ED), O7, 368161 Mannheim, Germany;1. Department of Economics, The Pennsylvania State University, University Park, PA 16802, USA;2. The Law School, Sun Yat-Sen University, Guangzhou, Guangdong, China;3. China Center for Economic Research and National School of Development, Peking University, Beijing, China |
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| Abstract: | This paper studies individual consistency in the use of fairness rules, together with the role of self-serving bias in decision-making. We likewise attempt to characterize the different decision-making processes associated with the two types of self-interested behavior (pure selfish and self-serving). We use a within-subject design, which allows us to compare individual behavior when the context changes. In line with the literature, we find a multiplicity of fairness rules. However, the set of fairness rules is considerably smaller when we control for consistency. Only selfishness and strict egalitarianism seem to survive the stricter consistency requirements. We observe that this result is mainly explained by a self-serving bias. Additionally, we observe that faster decisions are self-interested and decisions dealing with moral trade-off are slower. |
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