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.

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Year of publication:	2017
Authors:	Cuhadaroglu, Tugce
Published in:	Theoretical Economics. - New Haven, CT : The Econometric Society, ISSN 1555-7561. - Vol. 12.2017, 2, p. 477-492
Publisher:	New Haven, CT : The Econometric Society
Subject:	Interaction \| social inﬂuence \| boundedly rational decision making \| two-stage maximization \| incomplete preferences

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3982/TE2170 [DOI] 896031942 [GVK] hdl:10419/197194 [Handle] RePEc:the:publsh:2170 [RePEc]
Classification:	D01 - Microeconomic Behavior: Underlying Principles ; D03 - Behavioral Economics; Underlying Principles ; D11 - Consumer Economics: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10012010074