Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-51530
Fehr, Ernst; Hoff, Karla (2011). Tastes, Castes, and Culture: The Influence of Society on Preferences. Working paper series / Department of Economics No. 26, University of Zurich.
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we argue that the opposition to explaining behavioural changes in terms of preference changes is illfounded, that the psychological properties of preferences render them susceptible to direct social influences, and that the impact of “society” on preferences is likely to have important economic and social consequences.
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|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
|JEL Classification:||A12, A13, D01, K0|
|Deposited On:||25 Nov 2011 10:13|
|Last Modified:||20 Oct 2012 18:08|
|Series Name:||Working paper series / Department of Economics|
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