Rabin fairness

Rabin fairness is a fairness model invented by Matthew Rabin. It goes beyond the standard assumptions in modeling behavior, rationality and self-interest, to incorporate fairness.[1] Rabin's fairness model incorporates findings from the economics and psychology fields to provide an alternative utility model. Fairness is one type of social preference.

  1. ^ Camerer, Colin & Thaler, Richard H. 2003. "In Honor of Matthew Rabin: Winner of the John Bates Clark Medal." Journal of Economic Perspectives. 17, 159-176