Table 4.

Proportions of trials in which allocators believed that they were leaving money on the table with their allocation choices

	Dependent variable: dummy for whether the allocator expected to leave money on table
	(1) Equal endowments	(2) Unequal endowments
Randomize	0.40***	0.60***
	(0.08)	(0.09)
Give to A/B	0.24**
	(0.09)
Give to poor		0.30***
		(0.06)
Give to rich		0.70***
		(0.13)
Mean of dep. variable	0.36	0.39
F stat: randomize = give to A/B	1.49
p value	0.23
F stat: randomize = give to poor		8.91
p value		0.01***
F stat: randomize = give to rich		0.42
p value		0.52
F stat: give to poor = give to rich		8.32
p value		0.01***
Observations	70	140

Proportions of trials in which allocators believed that they were leaving money on the table with their allocation choices. Regressions are run without a constant term. Standard errors are heteroskedasticity-robust and clustered at the participant level. F statistics and corresponding p values from Wald tests for coefficient equality between β₁ and β₂ in column (1) and between β₁ and β₂, β₁ and β₃ as well as β₂ and β₃ in column (2) are reported in the lower panel of the table.

^*Significant at the 10% confidence level,

^**significant at the 5% confidence level,

^***significant at the 1% confidence level