Tastes, castes, and culture : the influence of society on preferences (English)

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 the authors argue that the opposition to explaining behavioural changes in terms of preference changes is ill-founded, that the psychological properties of preferences...

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Author

Fehr, Ernst;

Hoff,Karla;
Document Date
2011/08/01
Document Type
Policy Research Working Paper
Report Number
WPS5760
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2011/08/15
Disclosure Status
Disclosed
Doc Name
Tastes, castes, and culture : the influence of society on preferences
Keywords
Macroeconomics and Growth

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Citation

Fehr, Ernst; Hoff,Karla.

Tastes, castes, and culture : the influence of society on preferences (English). Policy Research working paper ; no. WPS 5760 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/958161468147876262

Tastes, castes, and culture : the influence of society on preferences (English)

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