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[27] [26] Others have proposed the social status of the responder may be part of the payoff. [28] [29] Another way of integrating the conclusion with utility maximization is some form of inequity aversion model (preference for fairness). Even in anonymous one-shot settings, the economic-theory suggested outcome of minimum money transfer and ...
Inequity aversion (IA) is the preference for fairness and resistance to incidental inequalities. [1] The social sciences that study inequity aversion include sociology, economics, psychology, anthropology, and ethology. Researchers on inequity aversion aim to explain behaviors that are not purely driven by self-interests but fairness ...
Sportsmanship mainly refers to virtues such as fairness, self-control, courage, and persistence, [2] [full citation needed] and has been associated with interpersonal concepts of treating others and being treated fairly, maintaining self-control if dealing with others, and respect for both authority and opponents. Sportsmanship is also looked ...
The dictator game is a derivative of the ultimatum game, in which one player (the proposer) provides a one-time offer to the other (the responder).The responder can choose to either accept or reject the proposer's bid, but rejecting the bid would result in both players receiving a payoff of 0.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
Text discussing fairness of sharing $25K lottery winnings at a white elephant gift exchange. Text discussing white elephant gift exchange rules and disagreements.
A weaker requirement is that each individual agent not envy any coalition of other agents; it is sometimes called strict envy-freeness. [6] Stochastic-dominance envy-freeness (SD-envy-free, also called necessary envy-freeness) is a strengthening of envy-freeness for a setting in which agents report ordinal rankings over items. It requires envy ...
Commissioner with the Federal Communications Commission says the appearance on comedy show may have violated its ‘equal time’ rule SNL’s Kamala Harris cameo might have violated fairness ...