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Naïve Learning in Social Networks: Convergence, Influence and Wisdom of Crowds

Jackson, Matthew O.; Golub, Benjamin - Fondazione ENI Enrico Mattei (FEEM) - 2007

We study learning and influence in a setting where agents communicate according to an arbitrary social network and naïvely update their beliefs by repeatedly taking weighted averages of their neighbors’ opinions. A focus is on conditions under which beliefs of all agents in large societies...

Persistent link: https://www.econbiz.de/10005423267

Influential listeners: An experiment on persuasion bias in social networks

Corazzini, Luca; Pavesi, Filippo; Petrovich, Beatrice; … - In: European Economic Review 56 (2012) 6, pp. 1276-1288

This paper presents an experimental investigation of persuasion bias, a form of bounded rationality whereby agents communicating through a social network are unable to account for repetitions in the information they receive. We find that, after repeated communication within a social network,...

Persistent link: https://www.econbiz.de/10010597476

The Economic Consequences of Social Network Structure

Jackson, Matthew O.; Rogers, Brian; Zenou, Yves - C.E.P.R. Discussion Papers - 2015

We survey the literatures on the economic consequences of the structure of social networks. We develop a taxonomy of 'macro' and 'micro' characteristics of social inter-action networks and discuss both the theoretical and empirical findings concerning the role of those characteristics in...

Persistent link: https://www.econbiz.de/10011165640

Reciprocity, Social Ties, and Competition in Markets for Experience Goods

Huck, Steffen; Tyran, Jean-Robert - Økonomisk Institut, Københavns Universitet - 2004

, in the absence of reciprocal types, face market breakdown. This efficiency-enhancing effect of reciprocity is boosted …

Persistent link: https://www.econbiz.de/10005225427

The Diffusion of Microfinance

Banerjee, Abhijit; Chandrasekhar, Arun G; Duflo, Esther; … - C.E.P.R. Discussion Papers - 2012

We examine how participation in a microfinance program diffuses through social networks. We collected detailed demographic and social network data in 43 villages in South India before microfinance was introduced in those villages and then tracked eventual participation. We exploit exogenous...

Persistent link: https://www.econbiz.de/10011084550

Boundedly Rational Opinion Dynamics in Directed Social Networks: Theory and Experimental Evidence

Battiston, Pietro; Stanca, Luca - Dipartimento di Economia, Metodi Quantitativi e … - 2014

This paper investigates opinion dynamics and social influence in directed communication networks. We study the properties of a generalized boundedly rational model of opinion formation in which individuals aggregate the information they receive by using weights that are a function of their...

Persistent link: https://www.econbiz.de/10010901451

What is sustainability economics?

Baumgärtner, Stefan; Quaas, Martin - 2009

While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just recently that the term sustainability economics was used explicitly in the ecological, environmental, and resource economics community. Yet, the contributions that use the term...

Persistent link: https://www.econbiz.de/10010265935

Towards sustainable carbon markets: Requirements for ecologically effective, economically efficient, and socially just emissions trading schemes

Rudolph, Sven; Lenz, Christine; Lerch, Achim; Volmert, … - 2011

existence often suffer from dilution in terms of ecological effectiveness, economic efficiency, and social justice. Thus, in … ecological effectiveness, economic efficiency and social justice and operationalizes them for giving design recommendations for … sustainable carbon markets. Methodologically, the paper uses welfare and institutional economics, jurisprudential reasoning, and …

Persistent link: https://www.econbiz.de/10010286393

Sustainability economics: General versus specific, and conceptual versus practical

Baumgärtner, Stefan; Quaas, Martin - 2010

We clarify the definition and interpretation of 'sustainability economics' (Baumgärtner and Quaas 2010) in response to recent comments by van den Bergh (2010), Bartelmus (2010) and others. For that sake, we distinguish between general and specific definitions of sustainability and...

Persistent link: https://www.econbiz.de/10010286614

Social preferences in childhood and adolescence : a large-scale experiment

Sutter, Matthias; Feri, Francesco; Kocher, Martin; … - 2010

less prominent motivating force of allocation decisions. At the same time, efficiency concerns increase in importance for …

Persistent link: https://www.econbiz.de/10003978546