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Social preferences or sacred values? Theory and evidence of deontological motivations

Recent advances in economic theory, largely motivated by experimental findings, have led to the adoption of models of human behavior where decision-makers take into consideration not only their own payoff but also others’ payoffs and any potential consequences of these payoffs. Investigations of deo...

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Detalles Bibliográficos
Autores principales: Chen, Daniel L., Schonger, Martin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: American Association for the Advancement of Science 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9106295/
https://www.ncbi.nlm.nih.gov/pubmed/35559671
http://dx.doi.org/10.1126/sciadv.abb3925
Descripción
Sumario:Recent advances in economic theory, largely motivated by experimental findings, have led to the adoption of models of human behavior where decision-makers take into consideration not only their own payoff but also others’ payoffs and any potential consequences of these payoffs. Investigations of deontological motivations, where decision-makers make their choice based on not only the consequences of a decision but also the decision per se, have been rare. We provide a formal interpretation of major moral philosophies and a revealed preference method to distinguish the presence of deontological motivations from a purely consequentialist decision-maker whose preferences satisfy first-order stochastic dominance.