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Dynamic preferences, moral values and emotions in economical analysis (In French)

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  • Emmanuel PETIT (GREThA)

Abstract

Our analysis is about the role of emotions and moral values in economical analysis. We use the theory of emotions of Livet (2002) in order to understand the behaviour of individuals alternatively in the Akerlof (1991)’s model of undue obedience and in a public good experiment. We argue that the emotional process permits us to reveal to ourselves our true preferences or values. We thus claim that recent economic analysis should take into account the role of emotion not only as a psychic cost or even a rational tool but also as a useful warning process.

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File URL: http://cahiersdugretha.u-bordeaux4.fr/2008/2008-11.pdf
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Bibliographic Info

Paper provided by Groupe de Recherche en Economie Théorique et Appliquée in its series Cahiers du GREThA with number 2008-11.

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Date of creation: 2008
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Handle: RePEc:grt:wpegrt:2008-11

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Keywords: Theory of emotions; obedience to authority; cooperation; public goods game; moral values;

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