Measuring tastes for equity and aggregate wealth behind the veil of ignorance

B-Tier
Journal: Games and Economic Behavior
Year: 2025
Volume: 153
Issue: C
Pages: 209-232

Authors (3)

Heufer, Jan (not in RePEc) Shachat, Jason (Chapman University) Xu, Yan (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance while controlling for idiosyncratic risk preferences. We construct a battery of portfolio and wealth distribution choice problems sharing a common budget set. A given bundle induces the same distribution over an individual's wealth in both problems. The portfolio choice solely reflects an individual's risk attitude, providing a benchmark to evaluate whether their wealth distribution choice exhibits equity or efficiency preferring tastes. Our experiments show clusters of social preference types, which are unexpectedly independent of risk preferences.

Technical Details

RePEc Handle
repec:eee:gamebe:v:153:y:2025:i:c:p:209-232
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29