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:
“...I remembered the rose bush that had reached a thorny branch out through the ragged fence, and caught my dress, detaining me when I would have passed on. And again the symbolism of it all came over me. These memories and visions of the poor—they were the clutch of the thorns. Social workers have all felt it. It holds them to their work, because the thorns curve backward, and one cannot pull away.”
—Albion Fellows Bacon (1865–1933)
“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)