Preferences, choice, goal attainment, satisfaction: That's life?

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2011
Volume: 40
Issue: 3
Pages: 237-241

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We make choices to achieve an objective. The objective is defined by an individual's preferences. Subject to constraints, the objective is approached or achieved. Is this a good characterization of life? To answer this question we weaken one of the most basic assumptions of economics: individuals know their preferences. Instead we assume that an individual's preferences are shaped and reshaped by his environment, experiences, expectations, and by exogenous events. In this model of individual self-discovery, preferences emerge, evolve, and change. These redefinitions change the future course of the individual's life and reinterpret his past. They characterize a life lived.

Technical Details

RePEc Handle
repec:eee:soceco:v:40:y:2011:i:3:p:237-241
Journal Field
Experimental
Author Count
1
Added to Database
2026-01-28