Preferences and Social Influence

descriptionPublicationkeyboard_double_arrow_right Article 01 Aug 2018 English Publisher:American Economic AssociationJournal:American Economic Journal: Microeconomics, volume 10, pages 124-142 (issn: 1945-7669, eissn: 1945-7685,

Copyright policy )

Authors: Fershtmani, Chaim; Segal, U. (Uzi);

doi: 10.1257/mic.20160190

Preferences and Social Influence

- Summary
- Subjects
- Metrics

Abstract

Interaction between decision makers may affect their preferences. We consider a setup in which each individual is characterized by two sets of preferences: his unchanged core preferences and his behavioral preferences. Each individual has a social influence function that determines his behavioral preferences given his core preferences and the behavioral preferences of other individuals in his group. Decisions are made according to behavioral preferences. The paper considers different properties of these social influence functions and their effect on equilibrium behavior. (JEL D11, D83, D91, Z13)

Related Organizations

University of Warwick
United Kingdom
Tel Aviv University
Israel
Boston College
United States

Keywords

HB

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	17
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%