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 have more in common with a Mexican man than with a white woman.... This opinion ... chagrins women who sincerely believe our female physiology unequivocally binds all women throughout the world, despite the compounded social prejudices that daily affect us all in different ways. Although women everywhere experience life differently from men everywhere, white women are members of a race that has proclaimed itself globally superior for hundreds of years.”
—Ana Castillo (b. 1953)
“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)