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Opinion dynamics and wisdom under conformity
Buechel, Berno; Hellmann, Tim; Kölßner, Stefan - 2014
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...
Persistent link: https://www.econbiz.de/10010357984
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Opinion dynamics and wisdom under conformity
Buechel, Berno; Hellmann, Tim; Klößner, Stefan - In: Journal of economic dynamics & control 52 (2015), pp. 240-257
Persistent link: https://www.econbiz.de/10011474200
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The wisdom of some : do we always need high consensus to shape consumer behavior?
Sciandra, Michael R.; Lamberton, Cait; Walker Reczek, … - In: Journal of public policy & marketing : JPP & M ; an … 36 (2017) 1, pp. 15-35
Persistent link: https://www.econbiz.de/10011690542
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Partial norms
D'Adda, Giovanna; Dufwenberg, Martin; Passarelli, Francesco - 2019
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...
Persistent link: https://www.econbiz.de/10011987998
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Social norms with private values : theory and experiments
D'Adda, Giovanna; Dufwenberg, Martin; Passarelli, Francesco - In: Games and economic behavior 124 (2020), pp. 288-304
Persistent link: https://www.econbiz.de/10012432173
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Partial norms
D'Adda, Giovanna; Dufwenberg, Martin; Passarelli, Francesco - 2019
Persistent link: https://www.econbiz.de/10012126998
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Opinion dynamics and wisdom under conformity
Buechel, Berno; Hellmann, Tim; Klößner, Stefan - 2013
convergence to a consensus. Studying the consensus in detail, we show that an agent's social influence on the consensus opinion is …
Persistent link: https://www.econbiz.de/10010342212
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When do punishment institutions work?
Aquino, Patrick; Gazzale, Robert S.; Jacobson, Sarah - 2015
Persistent link: https://www.econbiz.de/10011333077
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Punishment, cooperation, and cheater detection in "noisy" social exchange
Bornstein, Gary; Weisel, Ori - In: Games 1 (2010) 1, pp. 18-33
Explaining human cooperation in large groups of non-kin is a major challenge to both rational choice theory and the … theory of evolution. Recent research suggests that group cooperation can be explained by positing that cooperators can punish … information conditions, where cheating is less obvious, punishment is much less effective in enforcing cooperation. Evidently, the …
Persistent link: https://www.econbiz.de/10009751389
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Game-theoretic foundations of monetary equilibrium
Camera, Gabriele; Gioffré, Alessandro - 2013
Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary equilibrium cannot generally be sustained when monitoring and punishment...
Persistent link: https://www.econbiz.de/10010226612