{"product_id":"arguing-about-tastes-9780231209915","title":"Arguing About Tastes","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eArguing About Tastes\u003c\/i\u003e makes the case that economists should abandon the principle that preferences are fixed and instead incorporate into their work how context and experience shape individual tastes.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eDavid Kreps’ \u003ci\u003eArguing About Tastes\u003c\/i\u003e masterfully delves into the concept of endogeneity of tastes.  He takes his readers on an insightful journey that challenges conventional wisdom with refreshing perspective on the dynamic forces that shape our choices. -- George Akerlof, Nobel Laureate in Economics, 2001\u003cbr\u003eArrow and Debreu told us where to go to see how reality differs from perfect markets; Kreps's book tells us how to get there by mapping out a clear route to the place where preferences are formed. -- Oriana Bandiera, The London School of Economics\u003cbr\u003eKreps, a brilliant economic theorist, shows how to bring intrinsic motivation, self-perception, and identity into thinking about contracts and organization. A persuasive argument for why intrinsic motives and identity should be part of economic modeling. -- Colin Camerer, California Institute of Technology\u003cbr\u003eShould economists deal with tastes? Or should \u003ci\u003ede gustibus non est disputandum\u003c\/i\u003e continue to reign? In \u003ci\u003eArguing About Tastes\u003c\/i\u003e, David Kreps compellingly argues that it is time to pay attention to the formation and transformation of tastes to increase the realism and scope of economic theory. A nuanced, critical, and eye-opening book. -- Gerd Gigerenzer, Max Planck Institute for Human Development\u003cbr\u003eHad I been paid to compose this blurb, would I have spent more time and effort trying to perfect it, or less?  In this provocative book, David Kreps, with a long-term agenda of creating realistic models of individual behavior for economic analysis, shows why this question matters for economics along with a rich analysis of possible answers. -- Bengt Holmström, Nobel Laureate in Economics, 2016\u003cbr\u003eDavid Kreps has made monumental contributions to economic theory, which takes stable preferences as a fundamental assumption. In this incredibly insightful book, he argues and formally shows how context—from people’s identity and self-perception, to their decision environment—plays a critical role in shaping and changing preferences. I recommend this book to anyone who is interested in what is coming next in economics. -- Alex Imas, University of Chicago Booth School of Business\u003cbr\u003e\u003ci\u003eArguing About Tastes\u003c\/i\u003e is a bold venture into scantily charted territory in microeconomics - the land of endogenous preferences - but I can think of no better guide than David Kreps. Professor Kreps brings energy, humor and joy to the theory-building work that make this book a pleasure to read. -- Matthew Nagler, The Graduate Center, CUNY\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface\u003cbr\u003eIntroduction: Gary Becker on Prenups\u003cbr\u003e1. De Gustibus Non Est Disputandum: The Mainstream Economic Account of Individual Behavior\u003cbr\u003e2. Intrinsic Motivation\u003cbr\u003e3. Internalizing the Welfare of Specific Others\u003cbr\u003e4. Two (or Three) Heterodox Books\u003cbr\u003e5. Choice, Preference, And Utility in Dynamic Contexts\u003cbr\u003e6. Some (Social) Psychology: Self-Perception and Attribution Theories\u003cbr\u003e7. Intrinsic Motivation Undermined by Extrinsic Rewards?\u003cbr\u003e8. Why Are “Social Promises” Unsecured?\u003cbr\u003e9. The Quality of Kreps’s Performance Matters as Well\u003cbr\u003e10. Intrinsic Motivation to Do What, Exactly?\u003cbr\u003e11. Internalization of the Other Party’s Welfare\u003cbr\u003e12. Dynamics Based on Bem’s Self-Perception Theory\u003cbr\u003e13. Should Economists Move in These Directions?\u003cbr\u003eCommentary, Joseph E. Stiglitz\u003cbr\u003eCommentary, Alessandra Casella\u003cbr\u003eResponse to the Comments Of Professors Stiglitz and Casella\u003cbr\u003eAppendix\u003cbr\u003eNotes\u003cbr\u003eReferences\u003cbr\u003eIndex","brand":"Columbia University Press","offers":[{"title":"Default Title","offer_id":49400376557911,"sku":"9780231209915","price":17.09,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780231209915.jpg?v=1730470538","url":"https:\/\/bookcurl.com\/products\/arguing-about-tastes-9780231209915","provider":"Book Curl","version":"1.0","type":"link"}