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Maxims nudge equitable or efficient choices in a Trade-Off Game

The core problem in the distribution dilemma is the trade-off between equity and efficiency. With the development of socio-economic conditions, the optimal decision changes between equitable and efficient options. The methods for nudging decision-makers to make optimal decisions without changing the...

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Detalles Bibliográficos
Autores principales: Huang, Long, Lei, Wansheng, Xu, Fuming, Liu, Hairong, Yu, Liang, Shi, Fujun, Wang, Lei
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7326161/
https://www.ncbi.nlm.nih.gov/pubmed/32603373
http://dx.doi.org/10.1371/journal.pone.0235443
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author Huang, Long
Lei, Wansheng
Xu, Fuming
Liu, Hairong
Yu, Liang
Shi, Fujun
Wang, Lei
author_facet Huang, Long
Lei, Wansheng
Xu, Fuming
Liu, Hairong
Yu, Liang
Shi, Fujun
Wang, Lei
author_sort Huang, Long
collection PubMed
description The core problem in the distribution dilemma is the trade-off between equity and efficiency. With the development of socio-economic conditions, the optimal decision changes between equitable and efficient options. The methods for nudging decision-makers to make optimal decisions without changing the event are extremely important. This study used two laboratory behavior experiments to explore the impact of maxim information on the trade-off between equity and efficiency. The study explores whether stake levels and division schemes affect the nudging effect of the maxim in a Trade-Off Game (TOG). We found that participants were affected by maxim information in decision-making scenarios, and participants showed different equity preferences as the maxim information changed, without relevance of the stake level. Additionally, the nudging effect of the maxim only exists under the condition that the distributor's interests is not affected.
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spelling pubmed-73261612020-07-10 Maxims nudge equitable or efficient choices in a Trade-Off Game Huang, Long Lei, Wansheng Xu, Fuming Liu, Hairong Yu, Liang Shi, Fujun Wang, Lei PLoS One Research Article The core problem in the distribution dilemma is the trade-off between equity and efficiency. With the development of socio-economic conditions, the optimal decision changes between equitable and efficient options. The methods for nudging decision-makers to make optimal decisions without changing the event are extremely important. This study used two laboratory behavior experiments to explore the impact of maxim information on the trade-off between equity and efficiency. The study explores whether stake levels and division schemes affect the nudging effect of the maxim in a Trade-Off Game (TOG). We found that participants were affected by maxim information in decision-making scenarios, and participants showed different equity preferences as the maxim information changed, without relevance of the stake level. Additionally, the nudging effect of the maxim only exists under the condition that the distributor's interests is not affected. Public Library of Science 2020-06-30 /pmc/articles/PMC7326161/ /pubmed/32603373 http://dx.doi.org/10.1371/journal.pone.0235443 Text en © 2020 Huang et al http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Huang, Long
Lei, Wansheng
Xu, Fuming
Liu, Hairong
Yu, Liang
Shi, Fujun
Wang, Lei
Maxims nudge equitable or efficient choices in a Trade-Off Game
title Maxims nudge equitable or efficient choices in a Trade-Off Game
title_full Maxims nudge equitable or efficient choices in a Trade-Off Game
title_fullStr Maxims nudge equitable or efficient choices in a Trade-Off Game
title_full_unstemmed Maxims nudge equitable or efficient choices in a Trade-Off Game
title_short Maxims nudge equitable or efficient choices in a Trade-Off Game
title_sort maxims nudge equitable or efficient choices in a trade-off game
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7326161/
https://www.ncbi.nlm.nih.gov/pubmed/32603373
http://dx.doi.org/10.1371/journal.pone.0235443
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