Preferences and Social Influence

• 成果类型: Article
• 署名作者: Fershtman, Chaim; Segal, Uzi
• 署名单位: Tel Aviv University; Center for Economic & Policy Research (CEPR); Boston College; University of Warwick
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
• ISSN/ISSBN: 1945-7669
• DOI: 10.1257/mic.20160190
• 发表日期: 2018
• 页码: 124-142
• 关键词: economics; COMPETITION; fairness; NORMS

摘要

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.