A New View of UtilityMaximizing "Optimal Investment"

Dylan M. Smith; Stephanie L. Brown; Mary L. Rigdon

doi:10.1093/acprof:oso/9780195388107.003.0064

A New View of UtilityMaximizing "Optimal Investment"

Dylan M. Smith, Stephanie L. Brown, Mary L. Rigdon

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

In this brief essay, we review benefits of the caregiving system for health and well-being, and argue that these benefits are not reflected in economic models of how to maximize utility. We then describe how the caregiving system highlights the tension between appetitive motives versus maintaining deeper relationships, a sense of purpose, meaning, etc, and point out how this tension is reflected in existing debates within economics. We discuss how new discoveries about the caregiving system can be used to inform these debates, and conclude with a discussion of some potential practical implications.

Original language	English (US)
Title of host publication	Moving Beyond Self-Interest
Subtitle of host publication	Perspectives from Evolutionary Biology, Neuroscience, and the Social Sciences
Publisher	Oxford University Press
ISBN (Electronic)	9780199918386
ISBN (Print)	9780195388107
DOIs	https://doi.org/10.1093/acprof:oso/9780195388107.003.0064
State	Published - Jan 19 2012
Externally published	Yes

Keywords

Appetitive motives
Caregiving
Caregiving system
Economics
Motivation
Relationships
Utility

ASJC Scopus subject areas

General Psychology

Access to Document

10.1093/acprof:oso/9780195388107.003.0064

Cite this

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KW - Motivation

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A New View of UtilityMaximizing "Optimal Investment"

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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