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’m tired of earning my own living, paying my own bills, raising my own child. I’m tired of the sound of my own voice crying out in the wilderness, raving on about equality and justice and a new social order.... Self-sufficiency is exhausting. Autonomy is lonely. It’s so hard to be a feminist if you are a woman.”
—Jane O’Reilly, U.S. feminist and humorist. The Girl I Left Behind, ch. 7 (1980)
“Men are qualified for civil liberty in exact proportion to their disposition to put moral chains upon their own appetites; in proportion as their love to justice is above their rapacity; in proportion as their soundness and sobriety of understanding is above their vanity and presumption; in proportion as they are more disposed to listen to the counsels of the wise and good, in preference to the flattery of knaves.”
—Edmund Burke (1729–1797)