Download full text
(459.4Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-292156
Exports for your reference manager
Conformity and out of equilibrium beliefs
[journal article]
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... view more
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.... view less
Classification
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
Document language
English
Publication Year
2009
Page/Pages
p. 164-185
Journal
Journal of Economic Behavior & Organization, 70 (2009) 1-2
DOI
https://doi.org/10.1016/j.jebo.2008.11.003
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)