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:
“...A shadow now occasionally crossed my simple, sanguine, and life enjoying mind, a notion that I was never really going to accomplish those powerful literary works which would blow a noble trumpet to social generosity and noblesse oblige before the world. What? should I find myself always planning and never achieving ... a richly complicated and yet firmly unified novel?”
—Sarah N. Cleghorn (1876–1959)
“It is impossible for us to love anything without some respect to ourselves; and we only consult our own inclination and our own pleasure when we prefer our friends to ourselves. And yet this preference is the only thing that can render friendship perfect and sincere.”
—François, Duc De La Rochefoucauld (1613–1680)