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• W1967054030 abstract "Fehr and Schmidt (FS) introduced an influential social utility function for individuals in interpersonal contexts that captures self-centered inequity aversion. The value of this social utility function lies in its exceptionally good balance between parsimony and fit. This paper provides a preference foundation for exactly the model of FS with preference conditions that exactly capture the exceptionally good balance of FS. Remarkably, FS is a special case of Schmeidler’s rank-dependent utility for decision under uncertainty." @default.
• W1967054030 created "2016-06-24" @default.
• W1967054030 creator A5048690240 @default.
• W1967054030 date "2009-07-10" @default.
• W1967054030 modified "2023-10-03" @default.
• W1967054030 title "A preference foundation for Fehr and Schmidt’s model of inequity aversion" @default.
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• W1967054030 doi "https://doi.org/10.1007/s00355-009-0413-5" @default.
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