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We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...
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convergence to a consensus. Studying the consensus in detail, we show that an agent's social influence on the consensus opinion is …
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We consider an expanded notion of social norms that renders them belief-dependent and partial, formulate a series of related testable predictions, and design an experiment based on a variant of the dictator game that tests for empirical relevance. Main results: Normative beliefs influence...
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The article suggests a new explanation for cooperation in large, unstructured societies that avoids the restrictions … for cooperation to be part of an asymptotically stable equilibrium of an evolutionary dynamics of signaling norm … of the social norm and two parameters measuring the cost of cooperation into relation with each other. …
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