Human Studies
IA research on humans mostly occurs in the discipline of economics though it is also studied in sociology.
Research on IA began in 1978 when studies suggested that humans are sensitive to inequities in favor of as well as those against them, and that some people attempt overcompensation when they feel "guilty" or unhappy to have received an undeserved reward.
A more recent definition of IA (resistance to inequitable outcomes) was developed in 1999 by Fehr and Schmidt. They postulated that people make decisions so as to minimize inequity in outcomes. Specifically, consider a setting with individuals {1,2,...,n} who receive pecuniary outcomes xi. Then the utility to person i would be given by
where α parametrizes the distaste of person i for disadvantageous inequality in the first nonstandard term, and β parametrizes the distaste of person i for advantageous inequality in the final term.
Read more about this topic: Inequity Aversion
Famous quotes containing the words human and/or studies:
“Lying increases the creative faculties, expands the ego, lessens the friction of social contacts.... It is only in lies, wholeheartedly and bravely told, that human nature attains through words and speech the forebearance, the nobility, the romance, the idealism, that—being what it is—it falls so short of in fact and in deed.”
—Clare Boothe Luce (1903–1987)
“What happiness did poor Mother’s studies bring her? It is the melancholy tendency of such studies to separate people from their friends and neighbors and fellow creatures in whom alone lies one’s happiness.”
—Mary Potter Playne (c. 1850–?)