TY  - RPRT
        AU  - Fehr, Ernst
AU  - Hoff, Karla
        TI  - Tastes, Castes, and Culture: The Influence of Society on Preferences
        PY  - 2011/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5919
        UR  - https://www.iza.org/publications/dp5919
        AB  - Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we argue that the opposition to explaining behavioural changes in terms of preference changes is ill-founded, that the psychological properties of preferences render them susceptible to direct social influences, and that the impact of "society" on preferences is likely to have important economic and social consequences.
        KW  - endogenous preferences
KW  - culture
KW  - caste
KW  - frames
KW  - anchors
KW  - elicitation devices
        ER  -