Artikel

Choosing on influence

Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple properties that aid us to detect interacting individuals. Revealed preference analysis not only grants underlying preferences, but also the influence acquired.

Language
Englisch

Bibliographic citation
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 12 ; Year: 2017 ; Issue: 2 ; Pages: 477-492 ; New Haven, CT: The Econometric Society

Classification
Wirtschaft
Microeconomic Behavior: Underlying Principles
Consumer Economics: Theory
Subject
Interaction
social influence
boundedly rational decision making
two-stage maximization
incomplete preferences

Event
Geistige Schöpfung
(who)
Cuhadaroglu, Tugce
Event
Veröffentlichung
(who)
The Econometric Society
(where)
New Haven, CT
(when)
2017

DOI
doi:10.3982/TE2170
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Cuhadaroglu, Tugce
  • The Econometric Society

Time of origin

  • 2017

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