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    • 'Last-place Aversion': Evidence and Redistributive Implications 

      Kuziemko, Ilyana; Buell, Ryan Williams; Reich, Taly; Norton, Michael Irwin (Oxford University Press (OUP), 2014)
      We present evidence from laboratory experiments showing that individuals are "last-place averse." Participants choose gambles with the potential to move them out of last place that they reject when randomly placed in other ...