Dynamic preferences, moral values and emotions in economical analysis (In French)

Our analysis is about the role of emotions and moral values in economical analysis. We use the theory of emotions of Livet (2002) in order to understand the behaviour of individuals alternatively in the Akerlof (1991)’s model of undue obedience and in a public good experiment. We argue that the emotional process permits us to reveal to ourselves our true preferences or values. We thus claim that recent economic analysis should take into account the role of emotion not only as a psychic cost or even a rational tool but also as a useful warning process.