Social preferences

Social preferences are a type of preference studied in behavioral and experimental economics and social psychology, including interpersonal altruism, fairness, reciprocity, and inequity aversion. 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.