On the fairness of random procedures

Kfir Eliaz, Ariel Rubinstein

Research output: Contribution to journalArticlepeer-review

Abstract

We consider procedures that use randomness to make a decision that involves several individuals. We asked subjects to compare the fairness of six pairs of seemingly equivalent procedures. We propose a classification of subjects into two categories:those who are "emotional"in the sense that they exhibit a systematic ranking of procedures on the basis of intuitive notions of fairness, and those who are "consequentialists"in the sense that they systematically view each pair of procedures as being equally fair. According to this classification, about 30% of the subjects are emotional while 31% are consequentialists.

Original languageEnglish
Pages (from-to)168-170
Number of pages3
JournalEconomics Letters
Volume123
Issue number2
DOIs
StatePublished - May 2014

Keywords

  • Procedural fairness
  • Random procedures
  • Surveys

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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