Social preferences are a type of preference studied in behavioral and experimental economics and social psychology, including interpersonal altruism, fairness, reciprocity, and inequity aversion.
The term "social preferences" incorporates obstreperous (esp. the Fehr-Schmidt inequity aversion model) and non-obstreperous(e.g., vulnerability-based) theories.
Much of the recent evidence used to test society ideas and models has come from economics experiments. However, social preferences also matter outside the laboratory.
Famous quotes containing the words social and/or preference:
“Utopias are presented for our inspection as a critique of the human state. If they are to be treated as anything but trivial exercises of the imagination. I suggest there is a simple test we can apply.... We must forget the whole paraphernalia of social description, demonstration, expostulation, approbation, condemnation. We have to say to ourselves, “How would I myself live in this proposed society? How long would it be before I went stark staring mad?””
—William Golding (b. 1911)
“Moral choices do not depend on personal preference and private decision but on right reason and, I would add, divine order.”
—Basil Hume (b. 1923)