Table 2.
scenario | wealth | expected pay-offs (choose rich) | expected pay-offs (choose poor) | rational preference |
---|---|---|---|---|
1. rich-fair versus poor-fair | stable | $1.15 | $0.35 | rich |
change | $0.75 | $0.75 | no preference | |
2. rich-stingy versus poor-stingy | stable | $0.46 | $0.14 | rich |
change | $0.30 | $0.30 | no preference | |
3. rich-fair versus poor-stingy | stable | $1.15 | $0.14 | rich |
change | $0.75 | $0.30 | rich | |
4. rich-stingy versus poor-fair | stable | $0.46 | $0.35 | rich |
change | $0.30 | $0.75 | poor |