If Interdependent Preferences May Depend on Cognition

Ninth Midwest Artificial intelligence and Cognitive Science Conference

Volume

Ninth Midwest Artificial intelligence and Cognitive Science Conference

Contents

Economists usually assume preferences as given. I argue that, at least in the case of interdepen-dent preferences, this may be deeply misleading. I review work from framing studies, public goods experiments, attutudes towards risk, happiness measurement, consumption, the labour market and ethics and economics, suggesting that inter-dependent preferences may depend on cognitive factors.