IDEAS home Printed from https://ideas.repec.org/p/hal/cesptp/hal-04719263.html
   My bibliography  Save this paper

A controversy about modeling practices: the case of inequity aversion

Author

Listed:
  • Alexandre Truc

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

  • Dorian Jullien

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, UP1 UFR02 - Université Paris 1 Panthéon-Sorbonne - École d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne)

Abstract

This paper studies the controversy on Fehr and Schmidt's model of inequity aversion. It borrows insights from disciplines such as philosophy and the sociology of science that have specialized in studying scientific controversies. Our goal is to contribute to the historical and methodological literature on behavioral economics, which happens to have neglected behavioral economists' research on social preferences. Our analysis of the controversy reveals some new insights about the relation of behavioral economics with other sub-fields in economics, as well as with other disciplines.

Suggested Citation

  • Alexandre Truc & Dorian Jullien, 2023. "A controversy about modeling practices: the case of inequity aversion," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04719263, HAL.
    • Handle: RePEc:hal:cesptp:hal-04719263
    DOI: 10.1080/1350178X.2023.2180153
    Note: View the original document on HAL open archive server: https://hal.science/hal-04719263v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04719263v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.1080/1350178X.2023.2180153?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dorian Jullien & Nicolas Vallois, 2014. "A probabilistic ghost in the experimental machine," Journal of Economic Methodology, Taylor & Francis Journals, vol. 21(3), pages 232-250, September.
    2. Mongin, Philippe, 2006. "A Concept Of Progress For Normative Economics," Economics and Philosophy, Cambridge University Press, vol. 22(1), pages 19-54, March.
    3. Houser, Daniel & McCabe, Kevin & Smith, Vernon, 2004. "Cultural group selection, co evolutionary processes and large-scale cooperation (by Joseph Henrich)," Journal of Economic Behavior & Organization, Elsevier, vol. 53(1), pages 85-88, January.
    4. Avner Shaked, 2005. "The Rhetoric of Inequity Aversion," NajEcon Working Paper Reviews 666156000000000612, www.najecon.org.
    5. Yang, Yang & Onderstal, Sander & Schram, Arthur, 2016. "Inequity aversion revisited," Journal of Economic Psychology, Elsevier, vol. 54(C), pages 1-16.
    6. Marion Fourcade & Etienne Ollion & Yann Algan, 2015. "The Superiority of Economists," Journal of Economic Perspectives, American Economic Association, vol. 29(1), pages 89-114, Winter.
    7. Nathan Berg & Gerd Gigerenzer, 2010. "As-if behavioral economics: neoclassical economics in disguise?," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 18(1), pages 133-166.
    8. Fehr, Ernst & Schmidt, Klaus M., 2010. "On inequity aversion: A reply to Binmore and Shaked," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 101-108, January.
    9. Esther-Mirjam Sent, 2004. "Behavioral Economics: How Psychology Made Its (Limited) Way Back Into Economics," History of Political Economy, Duke University Press, vol. 36(4), pages 735-760, Winter.
    10. Marion Fourcade & Etienne Ollion & Yann Algan, 2015. "The Superiority of Economists," Journal of Economic Perspectives, American Economic Association, vol. 29(1), pages 89-114, Winter.
    11. Glenn Harrison, 2011. "The methodological promise of experimental economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 18(2), pages 183-187.
    12. Floris Heukelom, 2011. "What to Conclude from Psychological Experiments: The Contrasting Cases of Experimental and Behavioral Economics," History of Political Economy, Duke University Press, vol. 43(4), pages 649-681, Winter.
    13. Davis,John B., 2010. "Individuals and Identity in Economics," Cambridge Books, Cambridge University Press, number 9780521173537, September.
    14. Josh Angrist & Pierre Azoulay & Glenn Ellison & Ryan Hill & Susan Feng Lu, 2020. "Inside Job or Deep Impact? Extramural Citations and the Influence of Economic Scholarship," Journal of Economic Literature, American Economic Association, vol. 58(1), pages 3-52, March.
    15. Alexandre Truc, 2022. "Interdisciplinary influences in behavioral economics: a bibliometric analysis of cross-disciplinary citations," Journal of Economic Methodology, Taylor & Francis Journals, vol. 29(3), pages 217-251, July.
    16. Daniel S. Hamermesh, 2013. "Six Decades of Top Economics Publishing: Who and How?," Journal of Economic Literature, American Economic Association, vol. 51(1), pages 162-172, March.
    17. Ken Binmore, 2010. "Social norms or social preferences?," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 9(2), pages 139-157, December.
    18. Adrian Bruhin & Helga Fehr-Duda & Thomas Epper, 2010. "Risk and Rationality: Uncovering Heterogeneity in Probability Distortion," Econometrica, Econometric Society, vol. 78(4), pages 1375-1412, July.
    19. Raj Chetty, 2015. "Behavioral Economics and Public Policy: A Pragmatic Perspective," American Economic Review, American Economic Association, vol. 105(5), pages 1-33, May.
    20. Peter E. Earl & Ti-Ching Peng, 2012. "Brands of Economics and the Trojan Horse of Pluralism," Review of Political Economy, Taylor & Francis Journals, vol. 24(3), pages 451-467, July.
    21. Guala, Francesco & Mittone, Luigi, 2010. "Paradigmatic experiments: The Dictator Game," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(5), pages 578-584, October.
    22. Colin F. Camerer & Richard H. Thaler, 1995. "Anomalies: Ultimatums, Dictators and Manners," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 209-219, Spring.
    23. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    24. repec:hal:spmain:info:hdl:2441/67ft27s7u58ocangahl1jigu6p is not listed on IDEAS
    25. D. Wade Hands, 2010. "Economics, psychology and the history of consumer choice theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 34(4), pages 633-648.
    26. Eckel, Catherine & Gintis, Herbert, 2010. "Blaming the messenger: Notes on the current state of experimental economics," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 109-119, January.
    27. Dreber, Anna & Fudenberg, Drew & Rand, David G., 2014. "Who cooperates in repeated games: The role of altruism, inequity aversion, and demographics," Journal of Economic Behavior & Organization, Elsevier, vol. 98(C), pages 41-55.
    28. Ernst Fehr & Klaus Schmidt, 2005. "The Rhetoric of Inequity Aversion- A Reply," NajEcon Working Paper Reviews 666156000000000616, www.najecon.org.
    29. Binmore, Ken & Shaked, Avner, 2010. "Experimental economics: Where next?," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 87-100, January.
    30. Michael Kosfeld & Markus Heinrichs & Paul J. Zak & Urs Fischbacher & Ernst Fehr, 2005. "Oxytocin increases trust in humans," Nature, Nature, vol. 435(7042), pages 673-676, June.
    31. Binmore, Ken, 1999. "Why Experiment in Economics?," Economic Journal, Royal Economic Society, vol. 109(453), pages 16-24, February.
    32. Davis,John B., 2010. "Individuals and Identity in Economics," Cambridge Books, Cambridge University Press, number 9781107001923, September.
    33. Marion Fourcade & Etienne Ollion & Yann Algan, 2015. "La superioridad de los economistas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 17(33), pages 13-43, July-Dece.
    34. Avner Shaked, 2005. "The Rhetoric of Inequity Aversion," Levine's Bibliography 666156000000000570, UCLA Department of Economics.
    35. Binmore, K & Shaked, A & Sutton, J, 1985. "Testing Noncooperative Bargaining Theory: A Preliminary Study," American Economic Review, American Economic Association, vol. 75(5), pages 1178-1180, December.
    36. Herbert Gintis, 2011. "The future of behavioral game theory," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 10(2), pages 97-102, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alexandre Truc & Dorian Jullien, 2023. "A controversy about modeling practices: the case of inequity aversion," Post-Print hal-04719263, HAL.
    2. Alexandre Truc, 2022. "The Disciplinary Mobility of Core Behavioral Economists," GREDEG Working Papers 2022-27, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Stavros A. Drakopoulos, 2020. "Pay Level Comparisons in Job Satisfaction Research and Mainstream Economic Methodology," Journal of Happiness Studies, Springer, vol. 21(3), pages 825-842, March.
    4. Alexandre Truc, 2023. "Neuroeconomics: Hype or Hope? An Answer," Post-Print hal-04719266, HAL.
    5. Drakopoulos, Stavros A., 2023. "The Economics of Wellbeing and Psychology: An Historical and Methodological Viewpoint," MPRA Paper 117891, University Library of Munich, Germany.
    6. Steffestun, Theresa, 2020. "The Constitution of Ignorance: Zur Bedeutung von Nichtwissen in der Verhaltensökonomie," Working Paper Serie des Instituts für Ökonomie 67, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    7. He, Haoran & Wu, Keyu, 2016. "Choice set, relative income, and inequity aversion: An experimental investigation," Journal of Economic Psychology, Elsevier, vol. 54(C), pages 177-193.
    8. Drakopoulos, Stavros A., 2022. "The Conceptual Resilience of the Atomistic Individual in Mainstream Economic Rationality," MPRA Paper 112944, University Library of Munich, Germany.
    9. Alexandre Truc & Muriel Dal Pont Legrand, 2024. "Agent-Based Models: Impact and Interdisciplinary Influences in Economics," GREDEG Working Papers 2024-19, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    10. Alexandre Truc, 2022. "Neuroeconomics Hype or Hope? An Answer," GREDEG Working Papers 2022-26, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    11. Bogliacino, Francesco & Codagnone, Cristiano, 2021. "Microfoundations, behaviour, and evolution: Evidence from experiments," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 372-385.
    12. John Gibson, 2021. "The micro‐geography of academic research: How distinctive is economics?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(4), pages 467-484, September.
    13. Fehr, Ernst & Schmidt, Klaus M., 2010. "On inequity aversion: A reply to Binmore and Shaked," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 101-108, January.
    14. Martina Cioni & Giovanni Federico & Michelangelo Vasta, 2023. "Is economic history changing its nature? Evidence from top journals," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 17(1), pages 23-48, January.
    15. Weimann Joachim, 2015. "Die Rolle von Verhaltensökonomik und experimenteller Forschung in Wirtschaftswissenschaft und Politikberatung," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(3), pages 231-252, October.
    16. Jishnu Das & Quy-Toan Do, 2020. "US and them - The geography of academic research," Vox eBook Chapters, in: Sebastian Galliani & Ugo Panizza (ed.), Publishing and Measuring Success in Economics, edition 1, volume 1, chapter 1, pages 111-114, Centre for Economic Policy Research.
    17. Christian Grimm & Jakob Kapeller & Stephan Puehringer, 2017. "Zum Profil der deutschsprachigen Volkswirtschaftslehre: Paradigmatische Ausrichtung und politische Orientierung deutschsprachiger Oekonom_innen (On the current state of German-speaking Economics: Para," ICAE Working Papers 70, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    18. Pessali, Huascar & Berger, Bruno, 2010. "A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto lakatoseano [Prospect theory and preference change in the mainstream of economics: a Lakatosian prospect]," MPRA Paper 26104, University Library of Munich, Germany.
    19. Nattavudh Powdthavee & Yohanes E. Riyanto & Jack L. Knetsch, 2020. "Impact of lower-rated journals on economists’ judgements of publication lists," Vox eBook Chapters, in: Sebastian Galliani & Ugo Panizza (ed.), Publishing and Measuring Success in Economics, edition 1, volume 1, chapter 1, pages 17-22, Centre for Economic Policy Research.
    20. Dorian Jullien & Alexandre Truc, 2024. "Towards a History of Behavioral and Experimental Economics in France," GREDEG Working Papers 2024-23, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

    More about this item

    Keywords

    Controversies; Behavioral Economics; Rhetoric; Social Preferences; Norms; Inequity Aversion;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:cesptp:hal-04719263. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.