Social Preferences and Economics
Decision makers care about their own outcomes as well as the outcomes of other people. The question is how to incorporate these preferences into economic models. There is a risk that simply adding ad-hoc preferences for others' incomes will result in economic theories that “explain everything, and therefore, nothing” (Carpenter, 2010). This seminar will focus on advances in economics to measure and model social preferences, with applications to labour contracts, political participation, and public policy nudges based on social motivations.
- Profesor: Panin Amma