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In the last few years, self-interest and opportunism have become the target for criticism from behavioural economics theorists who urge the introduction of a more complex - and hopefully a more realistic - view of economic agents' motivations. A number of models of choice have devised based on...
Persistent link: https://www.econbiz.de/10014051216
The main contribution of this paper is twofold. First of all, it focuses on the decisional process that leads to the creation of a social norm. Secondly, it analyses the mechanisms through which subjects conform their behaviour to the norm. In particular, our aim is to study the role and the...
Persistent link: https://www.econbiz.de/10014216985
Persistent link: https://www.econbiz.de/10003990455
Persistent link: https://www.econbiz.de/10003610943
Compliance with a social norm is a matter of self-enforceability and endogenous motivation to conform which is relevant not just to social norms but also to a wide array of institutions. Here we consider endogenous mechanisms that become effective once the game description has been enriched with...
Persistent link: https://www.econbiz.de/10014216410