Social preferences aren't preferences
AbstractExperimental economists robustly observe that people in the laboratory regularly make choices that result in lower payoffs for themselves. When faced with this paradox of preferences, economists posit that there must be two meanings of preferences: preferences for the self and preferences for the social. In this paper I argue that this is an example of economists forcing ordinary human behavior to fit their models. The force of my argument is to confute the notion that an individual's expression of so-called social preferences as an action can be represented as a set of separable and private utilitarian "preferences" within him.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 73 (2010)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/jebo
Experimental economics Semantics of economics Rhetoric of economics;
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- M. Vittoria Levati & Aaron Nicholas & Birendra Rai, 2011. "Testing the Analytical Framework of Other-Regarding Preferences," Development Research Unit Working Paper Series 26-11, Monash University, Department of Economics.
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