Similar Search Results

Towards a General Theory of Peer Effects

Boucher, Vincent; Rendall, Michelle; Ushchev, Philip; … - 2023

There is substantial empirical evidence showing that peer effects matter in many activities. The workhorse model in empirical work on peer effects is the linear-in-means (LIM) model, whereby it is assumed that agents are linearly affected by the mean action of their peers. We develop a new...

Persistent link: https://www.econbiz.de/10014345571

Social Networks and Interactions in Cities

Helsley, Robert W. - 2011

We examine how interaction choices depend on the interplay of social and physical distance, and show that agents who are more central in the social network, or are located closer to the geographic center of interaction, choose higher levels of interactions in equilibrium. As a result, the level...

Persistent link: https://www.econbiz.de/10013129915

Overconfidence is a Social Signaling Bias

Burks, Stephen V. - 2010

relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … on 1,016 individuals' relative ability judgments about two cognitive tests rejects the Bayesian model. The second theory … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …

Persistent link: https://www.econbiz.de/10013146457

How Urbanization Affects Employment and Social Interactions

Sato, Yasuhiro - 2014

We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...

Persistent link: https://www.econbiz.de/10013059681

Urban Spatial Structure, Employment and Social Ties : European Versus American Cities

Picard, Pierre M. - 2015

We develop a model where workers both choose their residential location (geographical space) and their social interactions (social space). In equilibrium, we show under which condition some individuals reside close to the job center while others live far away from it. Even though the two...

Persistent link: https://www.econbiz.de/10013016322