The economics of cultural formation of preferences

Pichler M (2010) Working Papers. Institute of Mathematical Economics; 431.
Bielefeld: Universität Bielefeld.

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Abstract
This paper introduces a generalized representation of the formation of continuous preferences (which can reflect different intensities). The preference intensity that a child adopts is formed as the collective outcome of all role models for preference intensities - which are derived from the socioeconomic actions of adults - that it socially learns from. We then show how the adopted preference intensities induce preferences over socioeconomic choices. Finally, this cultural formation of preferences process is endogenized as resulting out of optimal parental socialization decisions. This framework thus endogenously determines the intergenerational evolution of preference intensities and the induced preferences.
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Pichler M. The economics of cultural formation of preferences. Working Papers. Institute of Mathematical Economics. Vol 431. Bielefeld: Universität Bielefeld; 2010.
Pichler, M. (2010). The economics of cultural formation of preferences (Working Papers. Institute of Mathematical Economics, 431). Bielefeld: Universität Bielefeld.
Pichler, M. (2010). The economics of cultural formation of preferences. Working Papers. Institute of Mathematical Economics, 431, Bielefeld: Universität Bielefeld.
Pichler, M., 2010. The economics of cultural formation of preferences, Working Papers. Institute of Mathematical Economics, no.431, Bielefeld: Universität Bielefeld.
M. Pichler, The economics of cultural formation of preferences, Working Papers. Institute of Mathematical Economics, vol. 431, Bielefeld: Universität Bielefeld, 2010.
Pichler, M.: The economics of cultural formation of preferences. Working Papers. Institute of Mathematical Economics, 431. Universität Bielefeld, Bielefeld (2010).
Pichler, Michael. The economics of cultural formation of preferences. Bielefeld: Universität Bielefeld, 2010. Working Papers. Institute of Mathematical Economics. 431.
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