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Social preferences aren't preferences

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  • Wilson, Bart J.

Abstract

Experimental 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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  • Wilson, Bart J., 2010. "Social preferences aren't preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 77-82, January.
    • Handle: RePEc:eee:jeborg:v:73:y:2010:i:1:p:77-82
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    Cited by:

    1. M. Vittoria Levati & Aaron Nicholas & Birendra Rai, 2011. "Testing the Analytical Framework of Other-Regarding Preferences," Monash Economics Working Papers 26-11, Monash University, Department of Economics.
    2. Nicholas, Aaron, 2012. "Fairness as a constraint on reciprocity: Playing simultaneously as dictator and trustee," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(2), pages 211-221.
    3. Tjøtta, Sigve, 2016. "You’ll never walk alone. An experimental study on receiving money," Working Papers in Economics 03/16, University of Bergen, Department of Economics.
    4. Levati, M. Vittoria & Nicholas, Aaron & Rai, Birendra, 2014. "Testing the single-peakedness of other-regarding preferences," European Economic Review, Elsevier, vol. 67(C), pages 197-209.
    5. Vernon L. Smith, 2016. "The Fair and Impartial Spectator," Econ Journal Watch, Econ Journal Watch, vol. 13(2), pages 330–339-3, May.
    6. Levati, Maria Vittoria & Miettinen, Topi & Rai, Birendra, 2011. "Context and interpretation in laboratory experiments: The case of reciprocity," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 846-856.
    7. Foster, Joshua, 2014. "Putting social preferences to work: Can revealed preferences predict real effort provision?," Journal of Economic Psychology, Elsevier, vol. 45(C), pages 128-140.
    8. Deirdre Nansen McCloskey, 2019. "Lachmann practiced humanomics, beyond the dogma of behaviorism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 47-61, March.
    9. M. Vittoria Levati & Aaron Nicholas & Birendra Rai, 2011. "Testing the Framework of Other-Regarding Preferences," Jena Economics Research Papers 2011-041, Friedrich-Schiller-University Jena.

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