Choosing on influence

• 成果类型: Article
• 署名作者: Cuhadaroglu, Tugce
• 署名单位: University of St Andrews
• 刊物名称: THEORETICAL ECONOMICS
• ISSN/ISSBN: 1555-7561
• DOI: 10.3982/TE2170
• 发表日期: 2017-05-01
• 页码: 477-492
• 关键词: Interaction; social influence; boundedly rational decision making; two-stage maximization; incomplete preferences

摘要

Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple properties that aid us to detect interacting individuals. Revealed preference analysis not only grants underlying preferences, but also the influence acquired.