By Jess Benhabib,Alberto Bisin,Matthew O. Jackson
How can economists outline social personal tastes and interactions?
Culture, familial ideals, faith, and other sources include the origins of social preferences. these preferences--the hope for social prestige, for example, or the disinclination to obtain monetary support--often accompany predictable economic outcomes. Through using new financial facts and instruments, our individuals survey an array of social interactions and judgements that typify homo economicus. Their work brings order to the sometimes conflicting claims that international locations, environments, ideals, and different affects make on our financial decisions.
- Describes contemporary scholarship on social selection and introduces new proof approximately social preferences
- Advances our figuring out approximately quantifying social interactions and the results of culture
- Summarizes examine on theoretical and utilized financial analyses of social preferences
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