The puzzle of social preferences

Jordi Brandts, Enrique Fatas

    Research output: Contribution to journalReview articleResearchpeer-review

    6 Citations (Scopus)

    Abstract

    We present a brief overview of the experimental economics literature on social preferences. In numerous experiments, economically incentivized subjects are willing to sacrifice part of their material earnings to compensate the kind behavior of others, or will be willing to reciprocate at a non-negligible cost, or even pay a positive price for punishing the behavior of selfish individuals. All these actions are labeled as social in economics because there is no apparent way to reconcile them with any reasonable form of pure self-interest. We focus on social dilemma games and want to communicate two main messages. First, research in experimental economics has produced abundant evidence that illustrates the social components of people's preferences. Second, social sanctions of different types play an important role in facilitating cooperative behavior.
    Original languageEnglish
    Pages (from-to)113-126
    JournalRevista Internacional de Sociologia
    Volume70
    Issue numberEXTRA 1
    DOIs
    Publication statusPublished - 1 Mar 2012

    Keywords

    • Experiments
    • Punishment
    • Social dilemmas
    • Social preferences

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