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

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  • Emmanuel PETIT

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.

Suggested Citation

  • Emmanuel PETIT, 2008. "Dynamic preferences, moral values and emotions in economical analysis (In French)," Cahiers du GREThA (2007-2019) 2008-11, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    • Handle: RePEc:grt:wpegrt:2008-11
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    File URL: http://cahiersdugretha.u-bordeaux.fr/2008/2008-11.pdf
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    More about this item

    Keywords

    Theory of emotions; obedience to authority; cooperation; public goods game; moral values;
    All these keywords.

    JEL classification:

    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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