Regensburg 2016 – scientific programme

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SOE: Fachverband Physik sozio-ökonomischer Systeme

SOE 6: Young Scientist Award for Socio- and Econophysics (YSA) - Award Ceremony

SOE 6.1: Invited Talk

Monday, March 7, 2016, 16:00–16:45, H36

Degustibus est disputandum - The Emerging Science of Preference Formation — •Ernst Fehr — University of Zurich, Department of Economics

In modern economics individuals' preferences are taken as given. They are the unmoved movers of action. Preferences are, however, formed by social, economic and biological forces. This lecture will document recent insights into preference formation and how this helps explain hitherto unexplained (or insuffienciently explained), yet important, phenomena such as the impact of poverty on time and risk preferences which may contribute to behaviors that reinforce poverty, the role of culture and social norms in health-related behaviors, the psychological sources of war and conflicts, or the impact of nuclear catastrophes on risk taking and time discounting.