Scandinavian Working Papers in Economics

Working Papers in Economics,
University of Gothenburg, Department of Economics

No 72: Choosing from Behind a Veil of Ignorance in India

Fredrik Carlsson (), Gautam Gupta and Olof Johansson-Stenman
Additional contact information
Fredrik Carlsson: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG
Gautam Gupta: Department of Economics, Jadavpur University,, Postal: Kolkata-700 032, India
Olof Johansson-Stenman: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG

Abstract: Social inequality aversion is measured through a veil-of-ignorance experiment with Indian students. The median relative risk aversion is found to be quite high, about 3, and independent caste.

Keywords: Veil of ignorance; inequality aversion; risk aversion; caste

JEL-codes: C91; D63

7 pages, June 7, 2002

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