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An individual must choose one of four possible outcomes that will determine a monetary payment for themselves and for a rival. If the individual's primary motivation is to ensure their rival's outcome is as low as possible, even if it means accepting a lower payment for themselves, which option would they choose?
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An individual must choose between two scenarios that determine a monetary prize for themselves and for another person. If this individual's personal satisfaction is strongly reduced by the good fortune of others, which scenario are they most likely to choose?
- Scenario A: The individual receives $100; the other person receives $500.
- Scenario B: The individual receives $90; the other person receives $50.
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An individual whose personal satisfaction is reduced by the good fortune of others might rationally choose to accept a lower monetary prize for themselves if it also means a competitor receives a significantly smaller prize than they otherwise would have.
Designing an Economic Experiment
An individual is participating in an economic game where they must choose one of four options that determines a monetary outcome for themselves and for a coworker. Match each potential choice with the underlying motivation it most clearly demonstrates.
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Bonus Allocation Decision
Distinguishing Motivations in Economic Decisions
An individual whose personal satisfaction is reduced by the good fortune of others might rationally choose to accept a lower monetary prize for themselves if it also means a competitor receives a significantly smaller prize than they otherwise would have.