Dynamic preferences, moral values and emotions in economical analysis (In French)

Emmanuel Petit ()

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: Our analysis is about the role of emotions and moral values in economical analysis. We use the theory of emotions of Livet (2002) in order to understand the behaviour of individuals alternatively in the Akerlof (1991)’s model of undue obedience and in a public good experiment. We argue that the emotional process permits us to reveal to ourselves our true preferences or values. We thus claim that recent economic analysis should take into account the role of emotion not only as a psychic cost or even a rational tool but also as a useful warning process.

Keywords: Theory of emotions; obedience to authority; cooperation; public goods game; moral values (search for similar items in EconPapers)
JEL-codes: A13 B49 C90 H41 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2008-11

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