Research Symposium
26th annual Undergraduate Research Symposium, April 1, 2026
Gavin Locke Poster Session 1: 9:30 am - 10:30 am / Poster #279
BIO
Gavin Locke is a Senior finishing their Bachelor's of Science in Economics, and pursuing both Mathematics and PPE (Politics, Philosophy, and Economics) Minors. They have been awarded the Reva Daniels Metzinger Endowed Scholarship for Economics Majors and are currently performing research alongside Dr. Jeongbin Kim. Gavin plans on pursuing a PhD in Economics and will be a part of the Master's in Applied Economics here at FSU next year.
Time Preference and Inequity Aversion
Authors: Gavin Locke, Dr. Jeongbin KimStudent Major: Economics
Mentor: Dr. Jeongbin Kim
Mentor's Department: Economics Mentor's College: College of Social Sciences and Public Policy Co-Presenters:
Abstract
This study aims to find a parsimonious model that captures intertemporal fairness preferences. I use the model of inequity aversion developed by Fehr and Schmidt (1999) and incorporate discount factors to account for intertemporal decision-making. I run a modified "Ultimatum Game" in the lab to determine which of the two models performs better: whether people discount differences in payoffs among others, or simply discount their own payoff.
Keywords: Economics, Fairness, Discounting