A Theory of Strategic Uncertainty and Cultural Diversity

成果类型:
Article
署名作者:
Kets, Willemien; Sandroni, Alvaro
署名单位:
University of Oxford; Northwestern University
刊物名称:
REVIEW OF ECONOMIC STUDIES
ISSN/ISSBN:
0034-6527
DOI:
10.1093/restud/rdaa037
发表日期:
2021
页码:
287-333
关键词:
摘要:
We identify a new mechanism through which cultural diversity affects economic outcomes, based on a model of culture as shared cognition. Under this view, cultural diversity matters because it increases strategic uncertainty. The model can help better understand a variety of disparate evidence, including why homogeneous societies can be more conformist, why diverse societies may get stuck in a low-trust trap, why companies with a strong culture may fail to adopt superior work practices, and why autocratic rulers in diverse societies may overinvest in state capacity.
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