American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Sacred versus Pseudo-sacred Values: How People Cope with Taboo Trade-Offs
American Economic Review
vol. 107,
no. 5, May 2017
(pp. 96–99)
Abstract
Psychologists have documented widespread public deference to "sacred values" that communities, formally or informally, exempt from tradeoffs with secular limits, like money. This work has, however, been largely confined to low-stakes settings. As the stakes rise, deference must decline because people can't write blank checks for every "sacred" cause. Shadow pricing is inevitable which sets the stage for political blame-games of varying sophistication. In a rational world, citizens would accept the necessity of such tradeoffs, but the attraction to moral absolutes is strong--perhaps even essential for social cohesion.Citation
Tetlock, Philip E., Barbara A. Mellers, and J. Peter Scoblic. 2017. "Sacred versus Pseudo-sacred Values: How People Cope with Taboo Trade-Offs." American Economic Review 107 (5): 96–99. DOI: 10.1257/aer.p20171110Additional Materials
JEL Classification
- D02 Institutions: Design, Formation, Operations, and Impact
- D12 Consumer Economics: Empirical Analysis
- D71 Social Choice; Clubs; Committees; Associations
- Z12 Cultural Economics: Religion
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification