Altruistic capital
Standard economics generally assumes self-interest to be the main motivator of economic activity. However, a growing body of economic literature has enriched the standard model of private utility maximization with preferences such as altruism, pro-sociality and fairness. This work has generally modelled such preferences as exogenous and static. Alternatively, we can think of altruism as an asset—altruistic capital­—that evolves over time within individuals from their social context. We explore how altruistic capital may be leveraged and accumulated, and how to build incentives, institutions and organisations to shape pro-social behaviour over a given lifetime.
Date: 8 June 2018, 12:00 (Friday, 7th week, Trinity 2018)
Venue: Littlegate House, 16-17 St Ebbe's Street OX1 1PT
Venue Details: Suite 5 - Petrov Room, Littlegate House, 16-17 St Ebbes Street. At the entrance, buzz for the Future of Humanity Institute. Suite 5 is on the 1st floor.
Speaker: Prof Nava Ashraf (LSE)
Organising department: Faculty of Philosophy
Organisers: Hayden Wilkinson (University of Oxford), Dr Michelle Hutchinson (University of Oxford), Prof Hilary Greaves (University of Oxford)
Organiser contact email address: hayden.wilkinson@philosophy.ox.ac.uk
Part of: Global Priorities Seminars
Topics:
Booking required?: Recommended
Booking email: hayden.wilkinson@philosophy.ox.ac.uk
Audience: Members of the University only
Editor: Michelle Hutchinson