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Showing posts from September, 2018

Social value orientation in economics part 2 - slider method

In a previous blog post I looked at social vale orientation (SVO) and one method to measure it, namely the decomposed game or ring technique. Here I will look at a second way of measuring SVO called the slider method . This method, due to Ryan Murphy, Kurt Ackermann and Michel Handgraaf is relatively new and has some nice advantages. While most existing studies use the ring technique I would expect the slider method to become the method of choice going forward. So, it is good to know how it works.  Recall that the basic idea behind social value orientation (SVO) is to gain a snapshot of someone's social preferences. Are they  selfish  and simply do the best for themselves without caring about the payoff of others? Are they  competitive  and want to earn more than others (even if that means sacrificing own payoff)? Are they  inequality averse  and want to earn the same as others? Or are they  pro-social  and want to maximize the payoff of others?  One way to categorize SVO is