Discrete Choice with Social Interactions and Endogenous Memberships PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Discrete Choice with Social Interactions and Endogenous Memberships PDF full book. Access full book title Discrete Choice with Social Interactions and Endogenous Memberships by Giulio Zanella. Download full books in PDF and EPUB format.
Author: Giulio Zanella
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
Get Book Here
Book Description
Author: Giulio Zanella
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
Get Book Here
Book Description
Author: William A. Brock
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: William A. Brock
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 62
Get Book Here
Book Description
This paper develops a model of individual decisionmaking in the presence of social interactions when the number of available choices is finite. We show how a multinomial logit model framework may be used to model such decisions in a way that permits a tight integration of theory and econometrics. Conditions are given under which aggregate choice behavior in a population exhibits multiple self-consistent equilibria. An econometric version of the model is shown to be identified under relatively weka conditions. That analysis is extended to allow for general error distributions and some preliminary ways to account for the endogeneity of group memberships are developed.
Author: William A. Brock
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: William A. Brock
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Get Book Here
Book Description
This paper provides an analysis of aggregate behavioral outcomes when individual utility exhibits social interaction effects. We study generalized logistic models of individual choice which incorporate terms reflecting the desire of individuals to conform to the behavior of others in an environment of noncooperative decisionmaking. Laws of large numbers are generated in such environments. Multiplicity of equilibria in these models, which are equivalent to the existence of multiple self-consistent means for average choice behavior, will exist when the social interactions exceed a particular threshold. Local stability of these multiple equilibria is also studied. The properties of the noncooperative economy are contrasted with the properties of an economy in which a social planner determines the set of individual choices. The model is additionally shown to be well suited to explaining a number of empirical phenomena, such as threshold effects in individual behavior, ethnic group fixed effects of income equations, and large cross-group differences in binary choice behavior.
Author: Ji Li
Publisher:
ISBN: 9780549000235
Category :
Languages : en
Pages : 123
Get Book Here
Book Description
My dissertation focuses on interaction-based models in which a given agent's payoff function directly incorporates the expected choices of other agents. Such models are appealing in investigating group behavior evolving from individual interactions and in explaining individual behavior under group influence.
Author: Jess Benhabib
Publisher: Newnes
ISBN: 0444537139
Category : Business & Economics
Languages : en
Pages : 1509
Get Book Here
Book Description
How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function
Author:
Publisher: Elsevier
ISBN: 0080932444
Category : Social Science
Languages : en
Pages : 939
Get Book Here
Book Description
How can economists define social preferences and interactions? Culture, familial beliefs, religion, and other sources contain the origins of social preferences. Those preferences--the desire for social status, for instance, or the disinclination to receive financial support--often accompany predictable economic outcomes. Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Their work brings order to the sometimes conflicting claims that countries, environments, beliefs, and other influences make on our economic decisions. - Describes recent scholarship on social choice and introduces new evidence about social preferences - Advances our understanding about quantifying social interactions and the effects of culture - Summarizes research on theoretical and applied economic analyses of social preferences
Author: Scott Duke Kominers
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
Get Book Here
Book Description
This note extends the Brock and Durlauf (2001) model of discrete choice with social interactions to a setting with multiple locations. This generalization leads to a closed-form measure of the quot;social multiplierquot; akin to that of Glaeser, Sacerdote, and Scheinkman (2003). The dynamics of this multiplier expose the relationship between the aggregate social outcome and the strength of the social multiplier.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
