TY  - RPRT
        AU  - Bellemare, Charles
AU  - Kröger, Sabine
AU  - Soest, Arthur van
        TI  - Preferences, Intentions, and Expectations: A Large-Scale Experiment with a Representative Subject Pool
        PY  - 2007/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3022
        UR  - https://www.iza.org/publications/dp3022
        AB  - We specify and estimate an econometric model which separately identifies distributional preferences and the effects of perceived intentions on responder behavior in the ultimatum game. We allow the effects of perceived intentions to depend, among other things, on the subjective probabilities responders attach to the possible offers. We estimate the model on a large representative sample from the Dutch population. We find that the relative importance of distributional preferences and perceived intentions depends significantly on the socioeconomic characteristics of responders. Strong inequity aversion to the other player’s disadvantage is found for lower educated and older respondents. Responders tend to punish unfavorable offers more if they expect that fair proposals will occur with higher probability.
        KW  - intentions
KW  - subjective expectations
KW  - inequity aversion
        ER  -