@techreport{Cordes2010Role,
abstract = {Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be wasteful in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This paper contributes to the discussion by suggesting a formal model of preference learning that can inform the construction of alternative notions of dynamic well-being. Based on the assumption that interacting agents are subject to two biases that make them systematically prefer some cultural variants over others, a procedural notion of well-being can be developed, based on the idea that policy should identify and confine conditions that generate dynamic instability in preference trajectories.},
address = {Jena},
author = {Christian Cordes and Christian Schubert},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D63; O12; D11; D83; C61; 330; Social Learning; Preference Change; Welfare; Human Cognition; Consumer Behavior; Konsumentenverhalten; Lernprozess; Pr\"{a}ferenztheorie; Beschr\"{a}nkte Rationalit\"{a}t; Kognition; Lebensqualit\"{a}t; Zufriedenheit; Theorie},
language = {eng},
note = {urn:nbn:de:gbv:27-20110630-110118-0},
number = {1022},
publisher = {Max-Planck-Inst. f\"{u}r \"{O}konomik},
title = {Role models that make you unhappy: Light paternalism, social learning and welfare},
type = {Papers on economics and evolution},
url = {http://hdl.handle.net/10419/57558},
year = {2010}
}
