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Sustainability and Fairness Simulations Based on Decision-Making Model of Utility Function and Norm Function

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Document pages: 19 pages

Abstract: We introduced a decision-making model based on value functions that includedindividualistic utility function and socio-constructivistic norm function andproposed a norm-fostering process that recursively updates norm functionthrough mutual recognition between the self and others. As an example, welooked at the resource-sharing problem typical of economic activities andassumed the distribution of individual actions to define the (1) norm functionfostered through mutual comparison of value action ratio based on the equitytheory (progressive tax-like), (2) norm function proportional to resourceutilization (proportional tax-like) and (3) fixed norm function independent ofresource utilization (fixed tax-like). By carrying out numerical simulation, weshowed that the progressive tax-like norm function (i) does not increasedisparity for the distribution of the actions, unlike the other norm functions,and (ii) has high resource productivity and low Gini coefficient. Therefore theprogressive tax-like norm function has the highest sustainability and fairness.

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