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We highlight that convergence in repeated averaging models commonly used to study cultural traits or opinion dynamics is not equivalent to convergence in Markov chain settings if transition matrices are time-varying. We then establish a new proof for the convergence of cultural traits in the...
Persistent link: https://www.econbiz.de/10011756147
neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common …. We show that manipulation can modify the trust structure and lead to a connected society. Manipulation fosters opinion …
Persistent link: https://www.econbiz.de/10014145339
neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common …. We show that manipulation can modify the trust structure and lead to a connected society. Manipulation fosters opinion …
Persistent link: https://www.econbiz.de/10010357991
We use the investment game introduced by Berg, Dickhaut and McCabe (1995) to explore gender differences in trust and … greater trust than women do while women show much higher levels of reciprocity. Trusting behavior is driven strongly by … expectations of reciprocation. We posit that the lower levels of trust exhibited by women may be attributed to a higher degree of …
Persistent link: https://www.econbiz.de/10010263242
In this paper we evaluate the QALY loss, which may be assigned to the prevalence of specific chronic illnesses and physical handicaps. The analysis is based on an individual self-rating health satisfaction question asked in the British Household Panel Survey data set. This question provides a...
Persistent link: https://www.econbiz.de/10010324736
In this paper we evaluate the QALY loss, which may be assigned to the prevalence of specific chronic illnesses and physical handicaps. The analysis is based on an individual self-rating health satisfaction question asked in the British Household Panel Survey data set. This question provides a...
Persistent link: https://www.econbiz.de/10011326417
We study the consequences of job markets' heavy reliance on referrals. Referrals screen candidates and lead to better matches and increased productivity, but disadvantage job-seekers who have few or no connections to employed workers, leading to increased inequality. Coupled with homophily,...
Persistent link: https://www.econbiz.de/10013238786
The purpose of this paper is to explore the notion of economic informality and its application in the rural context of developing and transitional economies, applying Keith Hart's (1987) notion of informality as a 'remedial concept'. Some remedy is needed to make sense of the many 'palpable...
Persistent link: https://www.econbiz.de/10013078973
The 'friendship paradox' (Feld1991) refers to the fact that, on average, people have strictly fewer friends than their friends have. I show that this over-sampling of the most popular people amplifies behaviors that involve complementarities. People with more friends experience greater...
Persistent link: https://www.econbiz.de/10014035017
The paper develops a theoretical framework, and a diagrammatic apparatus, for explaining the supply of child labour. It examines the effect of credit, insurance, and poverty (defined as more than just low income). It also explains bonded child labour, a modern form of slavery closely associated...
Persistent link: https://www.econbiz.de/10010261870