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both homophily and social norms in a controlled environment. At the beginning of our experiment, each player fills in a …
Persistent link: https://www.econbiz.de/10011993333
Experimental evidence suggests that human decisions involve a mixture of self-interest and internalized social norms which cannot be accounted for by the Nash equilibrium behavior of Homo Economicus. This led to the notion of strong reciprocity (or altruistic punishment) to capture the human...
Persistent link: https://www.econbiz.de/10014138712
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this paper, we investigate how social norms affect individual effort, aggregate effort, and welfare. While individual productivity always positively...
Persistent link: https://www.econbiz.de/10012909443
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its properties. We show that...
Persistent link: https://www.econbiz.de/10012859300
Persistent link: https://www.econbiz.de/10012415724
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a micro foundation of the linear-in-means model and investigate its properties. We show that...
Persistent link: https://www.econbiz.de/10012133030
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its properties. We show that...
Persistent link: https://www.econbiz.de/10012133891
Scientists are generally subject to social pressures, including pressures to conform with others in their communities, that affect achievement of their epistemic goals. Here we analyze a network epistemology model in which agents, all else being equal, prefer to take actions that conform with...
Persistent link: https://www.econbiz.de/10014106146
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...
Persistent link: https://www.econbiz.de/10010344833
starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple …
Persistent link: https://www.econbiz.de/10012014878