Inequality data set
datasetposted on 11.01.2021, 23:51 by Saad Azmat, Ussama Ahmad Khan, Michael Skully, Kym Brown
This dataset relates to a paper called "Ex-Post Inequity and Societal Risk Preferences: Risk Averse or Seeking?
Respondents were asked to make 48 decisions in regards to the allocations of resources (funds) to four people who they did not know.
Each decision had only 2 options with varying levels of ex-post inequality or collective risk. Ex-post inequality refers to where the decision leads to some individuals gaining while others do not. Collective risk considers the best outcomes for society as a whole.