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Inequity aversion, the Glossary

Inequity aversion (IA) is the preference for fairness and resistance to incidental inequalities.^[1]

62 relations: Altruism, Animal cognition, Anthropologist, Anthropology, Apartheid, BBC, Behavioral economics, Bertrand competition, Biology, Canidae, Capuchin monkey, Chimpanzee, Compassion, Contract, Cournot competition, Democracy, Dictator game, Economic equilibrium, Economic inequality, Economics, Egalitarianism, Equality of outcome, Equity theory, Ethology, Evolution, Experimental economics, Frans de Waal, Free-rider problem, Health care, James H. Fowler, Job performance, John A. List, Kenneth Binmore, Labour economics, List of MDPI academic journals, Lottery, Management, Maximum likelihood estimation, National Geographic, Nature (journal), Norm of reciprocity, Order (biology), Performance-related pay, Primate, Proceedings of the Royal Society, Psychology, Public goods game, Publicly funded health care, Reciprocity (cultural anthropology), Rhetoric, ... Expand index (12 more) »

Altruism

Altruism is the principle and practice of concern for the well-being and/or happiness of other humans or animals above oneself. Inequity aversion and Altruism are Moral psychology.

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Animal cognition

Animal cognition encompasses the mental capacities of non-human animals including insect cognition.

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Anthropologist

An anthropologist is a person engaged in the practice of anthropology.

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Anthropology

Anthropology is the scientific study of humanity, concerned with human behavior, human biology, cultures, societies, and linguistics, in both the present and past, including archaic humans.

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Apartheid

Apartheid (especially South African English) was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s.

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BBC

The British Broadcasting Corporation (BBC) is a British public service broadcaster headquartered at Broadcasting House in London, England.

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Behavioral economics is the study of the psychological, cognitive, emotional, cultural and social factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by classical economic theory.

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Bertrand competition

Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900).

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Biology

Biology is the scientific study of life.

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Canidae

Canidae (from Latin, canis, "dog") is a biological family of dog-like carnivorans, colloquially referred to as dogs, and constitutes a clade.

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Capuchin monkey

The capuchin monkeys are New World monkeys of the subfamily Cebinae.

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Chimpanzee

The chimpanzee (Pan troglodytes), also simply known as the chimp, is a species of great ape native to the forests and savannahs of tropical Africa.

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Compassion

Compassion is a social feeling that motivates people to go out of their way to relieve the physical, mental, or emotional pains of others and themselves. Inequity aversion and Compassion are Moral psychology.

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Contract

A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.

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Cournot competition

Cournot competition is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time.

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Democracy

Democracy (from dēmokratía, dēmos 'people' and kratos 'rule') is a system of government in which state power is vested in the people or the general population of a state.

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Dictator game

The dictator game is a popular experimental instrument in social psychology and economics, a derivative of the ultimatum game. Inequity aversion and dictator game are Moral psychology.

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Economic equilibrium

In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.

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Economic inequality

Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).

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Economics

Economics is a social science that studies the production, distribution, and consumption of goods and services.

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Egalitarianism

Egalitarianism, or equalitarianism, is a school of thought within political philosophy that builds on the concept of social equality, prioritizing it for all people.

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Equality of outcome

Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. Inequity aversion and equality of outcome are Egalitarianism.

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Equity theory

Equity theory focuses on determining whether the distribution of resources is fair.

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Ethology

Ethology is a branch of zoology that studies the behaviour of non-human animals.

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Evolution

Evolution is the change in the heritable characteristics of biological populations over successive generations.

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Experimental economics

Experimental economics is the application of experimental methods to study economic questions.

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Frans de Waal

Franciscus Bernardus Maria de Waal (29 October 1948 – 14 March 2024) was a Dutch-American primatologist and ethologist.

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Free-rider problem

In economics, the free-rider problem is a type of market failure that occurs when those who benefit from resources, public goods and common pool resources do not pay for them or under-pay.

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Health care

Health care, or healthcare, is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people.

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James H. Fowler

James H. Fowler (born February 18, 1970) is an American social scientist specializing in social networks, cooperation, political participation, and genopolitics (the study of the genetic basis of political behavior).

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Job performance

Job performance assesses whether a person performs a job well.

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John A. List

John August List (born September 25, 1968) is an American economist known for his work in establishing field experiments as a tool in empirical economic analysis.

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Kenneth Binmore

Kenneth George "Ken" Binmore, (born 27 September 1940) is an English mathematician, economist, and game theorist, a Professor Emeritus of Economics at University College London (UCL) and a Visiting Emeritus Professor of Economics at the University of Bristol.

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Labour economics

Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour.

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List of MDPI academic journals

This is a list of academic journals published by MDPI.

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Lottery

A lottery (or lotto) is a form of gambling that involves the drawing of numbers at random for a prize.

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Management

Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body through business administration, nonprofit management, or the political science sub-field of public administration respectively.

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Maximum likelihood estimation

In statistics, maximum likelihood estimation (MLE) is a method of estimating the parameters of an assumed probability distribution, given some observed data.

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National Geographic

National Geographic (formerly The National Geographic Magazine, sometimes branded as NAT GEO) is an American monthly magazine published by National Geographic Partners.

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Nature (journal)

Nature is a British weekly scientific journal founded and based in London, England.

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Norm of reciprocity

The norm of reciprocity requires that people repay in kind what others have done for them. Inequity aversion and norm of reciprocity are Moral psychology.

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Order (biology)

Order (ordo) is one of the eight major hierarchical taxonomic ranks in Linnaean taxonomy.

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Performance-related pay or pay for performance, not to be confused with performance-related pay rise, is a salary or wages paid system based on positioning the individual, or team, on their pay band according to how well they perform.

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Primate

Primates is an order of mammals, which is further divided into the strepsirrhines, which include lemurs, galagos, and lorisids; and the haplorhines, which include tarsiers; and the simians, which include monkeys and apes.

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Proceedings of the Royal Society

Proceedings of the Royal Society is the main research journal of the Royal Society.

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Psychology

Psychology is the scientific study of mind and behavior.

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Public goods game

The public goods game is a standard of experimental economics. Inequity aversion and public goods game are Moral psychology.

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Publicly funded health care

Publicly funded healthcare is a form of health care financing designed to meet the cost of all or most healthcare needs from a publicly managed fund.

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Reciprocity (cultural anthropology)

In cultural anthropology, reciprocity refers to the non-market exchange of goods or labour ranging from direct barter (immediate exchange) to forms of gift exchange where a return is eventually expected (delayed exchange) as in the exchange of birthday gifts.

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Rhetoric

Rhetoric is the art of persuasion.

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Risk aversion

In economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even if the average outcome of the latter is equal to or higher in monetary value than the more certain outcome.

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Salary

A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.

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Sarah Brosnan

Sarah Brosnan is a researcher studying the development of cognitive processes that underlie cooperation and reciprocity.

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Slogan

A slogan is a memorable motto or phrase used in a clan, political, commercial, religious, or other context as a repetitive expression of an idea or purpose, with the goal of persuading members of the public or a more defined target group.

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Social preferences describe the human tendency to not only care about one's own material payoff, but also the reference group's payoff or/and the intention that leads to the payoff. Inequity aversion and Social preferences are Moral psychology.

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References

[1] https://en.wikipedia.org/wiki/Inequity_aversion

Also known as Inequality aversion.

, Risk aversion, Salary, Sarah Brosnan, Slogan, Social preferences, Sociology, Solidarity, The Scandinavian Journal of Economics, Truman Bewley, Ultimatum game, University of Iowa, Utility.

Inequity aversion, the Glossary

Table of Contents

References