Presenters: Wander Jager and Marco Janssen
Part of the Panel on Modeling Human Decision Making in Social-Ecological Systems
More applications of the Consumat approach are available on e.g. farmer decision making and consumer choice behaviour. feel free to mail Wander at [email protected] to receive some papers.
People valuing distribution of income is really a very powerful idea for a model: are there groups with this preferences? can we measure these across different groups and countries? This really would be a great measure to address inequality if it is appropriately capture. The matrix approach for decision making opens a very helpful manner to think about analysis of decisions. but the problem is to establish the line of division between categories, even more, in groups where many times the satisfaction depends on collective and not so much on the individual. The Netlogo code for the model is very elaborated.
There is a large literature in Experimental Economics on other-regarding preferences (see a recent review at Cooper, D. J., & Kagel, J. H. (2016). Other-regarding preferences. The Handbook of Experimental
Economics, Volume 2: The Handbook of Experimental Economics, 217). What is typically found is that there is a variety of preferences in a population, the altruists, the egoists and the largest group who take into account the relative distributions.