No evidence of inequality aversion in the investment game

Article

Rodriguez-Lara, I. 2018. No evidence of inequality aversion in the investment game. PLoS ONE. 13 (10). https://doi.org/10.1371/journal.pone.0204392
TypeArticle
TitleNo evidence of inequality aversion in the investment game
AuthorsRodriguez-Lara, I.
Abstract

We report experimental evidence on second-movers’ behavior in the investment game (also known as the trust game) when there exists endowment heterogeneity. Using a within-subject analysis, we investigate whether or not second-movers exhibit some taste for inequality aversion by returning a larger (smaller) share of the available funds to first-movers who are initially endowed with a lesser (larger) endowment, respectively. Our data suggest that second-movers do not take into consideration the level of endowments when making their decisions as their behavior is consistent across distribution of endowments; i.e., they return the same proportion of the available funds regardless of the endowments. We indeed find that some second-movers have a tendency to return what they have received from firstmovers. In our data, there is also a substantial proportion of second-movers who are selfish and return nothing.

PublisherPublic Library of Science
JournalPLoS ONE
ISSN1932-6203
Publication dates
Online23 Oct 2018
Publication process dates
Deposited05 Nov 2018
Accepted09 Sep 2018
Output statusPublished
Publisher's version
License
Copyright Statement

Copyright: © 2018 Ismael Rodriguez-Lara. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and
reproduction in any medium, provided the original author and source are credited.

Digital Object Identifier (DOI)https://doi.org/10.1371/journal.pone.0204392
LanguageEnglish
Permalink -

https://repository.mdx.ac.uk/item/87zz3

Log in to edit

Download files

Publisher's version
Rodriguez-Lara PLOS.pdf
License: CC BY 4.0

  • 93
    total views
  • 37
    total downloads
  • 9
    views this month
  • 1
    downloads this month

Export as

Related outputs

When the rich do (not) trust the (newly) rich: experimental evidence on the effects of positive random shocks in the trust game
Bejarano, H., Gillet, J. and Rodriguez-Lara, I. 2025. When the rich do (not) trust the (newly) rich: experimental evidence on the effects of positive random shocks in the trust game. Southern Economic Journal. 92 (2), pp. 434-469. https://doi.org/10.1002/soej.12758
Trust and trustworthiness after negative random shocks
Bejarano, H., Gillet, J. and Rodriguez-Lara, I. 2021. Trust and trustworthiness after negative random shocks. Journal of Economic Psychology. 86. https://doi.org/10.1016/j.joep.2021.102422
Preferences for efficiency, rather than preferences for morality, drive cooperation in the one-shot Stag-Hunt game
Capraro, V., Rodriguez-Lara, I. and Ruiz-Martos, M. 2020. Preferences for efficiency, rather than preferences for morality, drive cooperation in the one-shot Stag-Hunt game. Journal of Behavioral and Experimental Economics. 86. https://doi.org/10.1016/j.socec.2020.101535
Cheating, incentives, and money manipulation
Charness, G., Blanco-Jimenez, C., Ezquerra, L. and Rodriguez-Lara, I. 2019. Cheating, incentives, and money manipulation. Experimental Economics: A Journal of the Economic Science Association. 22 (1), pp. 155-177. https://doi.org/10.1007/s10683-018-9584-1
Do negative random shocks affect trust and trustworthiness?
Bejarano, H., Gillet, J. and Rodriguez-Lara, I. 2018. Do negative random shocks affect trust and trustworthiness? Southern Economic Journal. 85 (2), pp. 563-579. https://doi.org/10.1002/soej.12302
Thinking fast, thinking badly
Jimenez Jimenez, N., Rodriguez-Lara, I., Tyran, J. and Wengstrom, E. 2018. Thinking fast, thinking badly. Economics Letters. 162, pp. 41-44. https://doi.org/10.1016/j.econlet.2017.10.018
Gender differences in cheating: loss vs gain framing
Ezquerra Guerra, L., Kolev, G. and Rodriguez-Lara, I. 2018. Gender differences in cheating: loss vs gain framing. Economics Letters. 163, pp. 46-19. https://doi.org/10.1016/j.econlet.2017.11.016
Panic bank runs
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2018. Panic bank runs. Economics Letters. 162, pp. 146-149. https://doi.org/10.1016/j.econlet.2017.11.014
Overthrowing the dictator: a game-theoretic approach to revolutions and media
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2017. Overthrowing the dictator: a game-theoretic approach to revolutions and media. Social Choice and Welfare. 49 (2), pp. 329-355. https://doi.org/10.1007/s00355-017-1067-3
The emergence of altruism as a social norm
Pereda, M., Branas Garza, P., Rodriguez-Lara, I. and Sanchez, A. 2017. The emergence of altruism as a social norm. Scientific Reports. 7. https://doi.org/10.1038/s41598-017-07712-9
Social motives vs social influence: an experiment on interdependent time preferences
Rodriguez-Lara, I. and Ponti, G. 2017. Social motives vs social influence: an experiment on interdependent time preferences. Games and Economic Behavior. 105, pp. 177-194. https://doi.org/10.1016/j.geb.2017.06.007
Humans expect generosity
Branas Garza, P., Rodriguez-Lara, I. and Sanchez, A. 2017. Humans expect generosity. Scientific Reports. 7. https://doi.org/10.1038/srep42446
Financial crisis and panic in the laboratory
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2016. Financial crisis and panic in the laboratory. in: Branas-Garza, P. and Cabrales, A. (ed.) Experimental Economics: Volume II: Economic Applications London Palgrave Macmillan UK. pp. 92-121
Carry a big stick, or no stick at all: punishment and endowment heterogeneity in the trust game
Calabuig, V., Fatas, E., Olcina, G. and Rodriguez-Lara, I. 2016. Carry a big stick, or no stick at all: punishment and endowment heterogeneity in the trust game. Journal of Economic Psychology. 57, pp. 153-171. https://doi.org/10.1016/j.joep.2016.09.006
Equity and bargaining power in ultimatum games
Rodriguez-Lara, I. 2016. Equity and bargaining power in ultimatum games. Journal of Economic Behavior & Organization. 130, pp. 144-165. https://doi.org/10.1016/j.jebo.2016.07.007
An experimental study of gender differences in distributive justice
Rodriguez-Lara, I. 2015. An experimental study of gender differences in distributive justice. Cuadernos de Economía - Spanish Journal of Economics and Finance. 38 (106), pp. 27-36. https://doi.org/10.1016/j.cesjef.2014.01.001
Do social networks prevent or promote bank runs?
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2014. Do social networks prevent or promote bank runs? Journal of Economic Behavior & Organization. 101, pp. 87-99. https://doi.org/10.1016/j.jebo.2014.01.019
Are you a good employee or simply a good guy? influence costs and contract design
Corgnet, B. and Rodriguez-Lara, I. 2013. Are you a good employee or simply a good guy? influence costs and contract design. Journal of Economic Behavior & Organization. 92, pp. 259-272. https://doi.org/10.1016/j.jebo.2013.06.003
Do women panic more than men? an experimental study of financial decisions
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2014. Do women panic more than men? an experimental study of financial decisions. Journal of Behavioral and Experimental Economics. 52, pp. 40-51. https://doi.org/10.1016/j.socec.2014.06.003
Think twice before running! Bank runs and cognitive abilities
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2016. Think twice before running! Bank runs and cognitive abilities. Journal of Behavioral and Experimental Economics. 64, pp. 12-19. https://doi.org/10.1016/j.socec.2015.01.006
Social preferences and cognitive reflection: evidence from a dictator game experiment
Ponti, G. and Rodriguez-Lara, I. 2015. Social preferences and cognitive reflection: evidence from a dictator game experiment. Frontiers in Behavioral Neuroscience. 9. https://doi.org/10.3389/fnbeh.2015.00146
Self-interest and fairness: self-serving choices of justice principles
Rodriguez-Lara, I. and Moreno-Garrido, L. 2012. Self-interest and fairness: self-serving choices of justice principles. Experimental Economics: A Journal of the Economic Science Association. 15 (1), pp. 158-175. https://doi.org/10.1007/s10683-011-9295-3
On the effects of deposit insurance and observability on bank runs: an experimental study
Kiss, H., Rodriguez-Lara, I. and Rosa-García, A. 2012. On the effects of deposit insurance and observability on bank runs: an experimental study. Journal of Money, Credit and Banking. 44 (8), pp. 1651-1665. https://doi.org/10.1111/j.1538-4616.2012.00548.x