MURAL - Maynooth University Research Archive Library



    Preferences, Choice, Goal Attainment, Satisfaction: That’s Life?


    Pecchenino, Rowena A. (2011) Preferences, Choice, Goal Attainment, Satisfaction: That’s Life? Journal of Socio-Economics, 40 (3). pp. 237-241. ISSN 1053-5357

    [img] Download (52kB)


    Share your research

    Twitter Facebook LinkedIn GooglePlus Email more...



    Add this article to your Mendeley library


    Abstract

    We make choices to achieve an objective. The objective is defined by an individual’s preferences. Subject to constraints, the objective is approached or achieved. Is this a good characterization of life? To answer this question we weaken one of the most basic assumptions of economics: individuals know their preferences. Instead we assume that an individual’s preferences are shaped and reshaped by his environment, experiences, expectations, and by exogenous events. In this model of individual self-discovery, preferences emerge, evolve, and change. These redefinitions change the future course of the individual’s life and reinterpret his past. They characterize a life lived.

    Item Type: Article
    Additional Information: http://economics.nuim.ie/research/ http://repec.org/
    Keywords: Identity; Preferences; Choice; Life; Working Paper N205-10;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 1883
    Depositing User: Ms Sandra Doherty
    Date Deposited: 15 Mar 2010 10:55
    Journal or Publication Title: Journal of Socio-Economics
    Publisher: Elsevier
    Refereed: No
    URI:
    Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

    Repository Staff Only(login required)

    View Item Item control page

    Downloads

    Downloads per month over past year

    Origin of downloads