Status Risk-Aversion and Following Behaviour in Social and Economic Settings

This paper describes a theory of rational emulation and deviance. It assumes that individuals care about relative position (or 'status'), and constructs a model of decision-making in social and economic settings.

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Year of publication:	1996
Authors:	Clark, A.E. ; Oswald, A.
Institutions:	Department of Economics, University of Warwick
Subject:	SOCIAL PSYCHOLOGY \| RISK

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Series:	The Warwick Economics Research Paper Series (TWERPS).
Type of publication:	Book / Working Paper
Notes:	40 pages
Classification:	A14 - Sociology of Economics ; D62 - Externalities ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005583056