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Conformity and out of equilibrium beliefs
[Zeitschriftenartikel]
Abstract We analyze a model of conformity with contrasting inferences. Given a form of ‘strong inferences’, any non-conforming agent is believed to have ‘extreme preferences’ and can expect to receive low esteem. With a weaker form of inferences, a non-conforming agent could be inferred to have ‘average pref... mehr
We analyze a model of conformity with contrasting inferences. Given a form of ‘strong inferences’, any non-conforming agent is believed to have ‘extreme preferences’ and can expect to receive low esteem. With a weaker form of inferences, a non-conforming agent could be inferred to have ‘average preferences’ and can expect a smaller fall in esteem. We find that the type of inferences need not influence whether a conformist equilibrium exists. It will, however, impact on the size of the set of conformist equilibria and thus weakening inferences acts as an equilibrium selection device.... weniger
Klassifikation
Erhebungstechniken und Analysetechniken der Sozialwissenschaften
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 164-185
Zeitschriftentitel
Journal of Economic Behavior & Organization, 70 (2009) 1-2
DOI
https://doi.org/10.1016/j.jebo.2008.11.003
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)