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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Introduction: tastes, castes and culture: the influence of society on preferences
Organization Unit
Authors
  • Ernst Fehr
  • Karla Hoff
Item Subtype Original Work
Refereed Yes
Status Published in final form
Journal Title The Economic Journal
Publisher Blackwell Publishing Ltd
Geographical Reach international
ISSN 0013-0133 (P) 1468-0297 (E)
Volume 121
Number 556
Page Range 396 - 412
Date 2011
Abstract Text 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 ill-founded, 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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