From outcome-based to language-based preferences
By: Capraro, V., Halpern, J.Y. and Perc, M
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Material type: 
BookPublisher: Journal of Economic Literature Description: 62(1). Mar, 2024: p. 115-154.
In:
Journal of Economic LiteratureSummary: We review the literature on models that try to explain human behavior in social interactions described by normal-form games with monetary payoffs. We start by covering social and moral preferences. We then focus on the growing body of research showing that people react to the language with which actions are described, especially when it activates moral concerns. We conclude by arguing that behavioral economics is in the midst of a paradigm shift toward language-based preferences, which will require an exploration of new models and experimental setups.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/jel.20221613
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 62(1). Mar, 2024: p. 115-154 | Available | AR131755 |
We review the literature on models that try to explain human behavior in social interactions described by normal-form games with monetary payoffs. We start by covering social and moral preferences. We then focus on the growing body of research showing that people react to the language with which actions are described, especially when it activates moral concerns. We conclude by arguing that behavioral economics is in the midst of a paradigm shift toward language-based preferences, which will require an exploration of new models and experimental setups.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/jel.20221613
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