Social preferences, also known as distributional preferences, describe the human tendency to not only care about one's own material payoff, but also the reference group's payoff or/and the intention that leads to the payoff. Social preferences are studied extensively in behavioral and experimental economics and social psychology.
Social preferences, also known as distributional preferences, describe the human tendency to not only care about one's own material payoff, but also the reference group's payoff or/and the intention that leads to the payoff. Social preferences are studied extensively in behavioral and experimental economics and social psychology.
Source: Wikipedia "Social preferences" · CC BY-SA 4.0
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