Preference Change
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Preference Change
Author: Till Grüne-Yanoff
language: en
Publisher: Springer Science & Business Media
Release Date: 2009-06-11
Changing preferencesis a phenomenonoften invoked but rarely properlyaccounted for. Throughout the history of the social sciences, researchers have come against the possibility that their subjects’ preferenceswere affected by the phenomenato be explainedor by otherfactorsnot taken into accountin the explanation.Sporadically, attempts have been made to systematically investigate these in uences, but none of these seems to have had a lasting impact. Today we are still not much further with respect to preference change than we were at the middle of the last century. This anthology hopes to provide a new impulse for research into this important subject. In particular, we have chosen two routes to amplify this impulse. First, we stress the use of modellingtechniquesfamiliar from economicsand decision theory. Instead of constructing complex, all-encompassing theories of preference change, the authors of this volume start with very simple, formal accounts of some possible and hopefully plausible mechanism of preference change. Eventually, these models may nd their way into larger, empirically adequate theories, but at this stage, we think that the most importantwork lies in building structure.Secondly,we stress the importance of interdisciplinary exchange. Only by drawing together experts from different elds can the complex empirical and theoretical issues in the modelling of preference change be adequately investigated.
Preference Change
Author: David Strohmaier
language: en
Publisher: Cambridge University Press
Release Date: 2024-02-01
For most of its history, decision theory has investigated the rational choices of humans under the assumption of static preferences. Human preferences, however, change. In recent years, decision theory has increasingly acknowledged the reality of preference change throughout life. This Element provides an accessible introduction and new contributions to the debates on preference change. It is divided into three chapters. In the first chapter, the authors discuss what preference change is and whether we can integrate it into decision theory. In the second chapter, they present models of preference change, including a novel proposal of their own. In the third and final chapter, they discuss how we can rationally choose a course of action when our preferences might change. Both the transformative experience literature and recent work on choosing for changing selves are discussed.
An Economic Theory of Gender and Population Change
This book proposes an economic theory of gender and population change by integrating neoclassical and new economic theories. Modern economies are characterized by complicated dynamic interdependence between many variables such as population growth, human capital accumulation, wealth accumulation, gender division of labor, children caring, environmental changes, various types of conflicts, wars, and so on. However modern dynamic economic theories deal with simplified interdependence between a few variables. Any genuine modeling of economic dynamics result in high-dimensional nonlinear dynamics. Nevertheless, it is only in recent years that it is possible to examine the behavior of highly dimensional dynamics. This partly explains why economic theory has been dominated by modeling dynamic economic systems with a few variables with linear (linearized) relations. Since Malthus published his An Essay on the Principle of Population in 1798, economists have made great efforts to reveal the dynamic complexity of population change. Modern economies have experienced unprecedented population dynamics. No one in human history could even have rationally predicted the natural declination of the national population in modern times. These failures in predicting family structural changes and life expectancy lead to many socioeconomic problems, such as health costs in association with aging and pension systems, that many societies fail to be prepared for. This book contributes to the literature on macroeconomics based on microeconomics, neoclassical growth theory, new growth theory, and family economics by integrating some important ideas in neoclassical growth theory and family economics. This book extensively applies the ideas in the literature to deal with the complexity of population change.