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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INFORMATION
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2011/08/01
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Document de travail de recherche sur les politiques
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WPS5760
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1
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1
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2011/08/15
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Disclosed
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Tastes, castes, and culture : the influence of society on preferences
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Macroeconomics and Growth
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