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Chen, Daniel L. (2019) Tastes for Desert and Placation: A Reference Point-Dependent Model of Social Preferences. Research in Experimental Economics. (In Press)
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Abstract
This paper proposes a reference-point dependent model of social behavior where individuals maximize a three-term utility function: a consumption utility term and two “social” terms. One social term captures a preference for desert (i.e., others getting what we think they deserve) and the other term a preference for the satisfaction of other’s expectations, or to placate them (i.e., them getting what we think they think they deserve). After motivating the modeling assumptions with findings from empirical moral philosophy and evolutionary psychology, I introduce the model and generate some simple comparative statics results, which I then test with experiments. I discuss how the model explains several paradoxes of empirical moral philosophy that are less explicable by current economic models of social preference focusing on outcomes and intentions.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | 2019 |
| Refereed: | Yes |
| Uncontrolled Keywords: | Reference points, social preferences, just desert |
| JEL codes: | D6 - Welfare Economics K2 - Regulation and Business Law |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 06 Feb 2019 15:06 |
| Last Modified: | 06 Feb 2019 15:06 |
| OAI ID: | oai:tse-fr.eu:33348 |
| URI: | http://publications.ut-capitole.fr/id/eprint/31265 |
Available Versions of this Item
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Tastes for Desert and Placation: A Reference Point-Dependent Model of Social Preferences. (deposited 15 Mar 2018 10:36)
- Tastes for Desert and Placation: A Reference Point-Dependent Model of Social Preferences. (deposited 06 Feb 2019 15:06) [Currently Displayed]
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