Reference group influence on binary choices dynamics
Sign Up to like & getrecommendations! Published in 2018 at "Decisions in Economics and Finance"
DOI: 10.1007/s10203-018-0216-1
Abstract: The recent literature has analyzed binary choices dynamics providing interesting results. Most of these contributions consider interactions within a single group. Nevertheless, in some situations the interaction takes place not only within a single group… read more here.
Keywords: reference group; binary choices; group; reference ... See more keywords
Uncovering heterogeneous social effects in binary choices
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DOI: 10.1016/j.jeconom.2020.08.005
Abstract: Abstract We identify and estimate heterogeneous social effects within groups of individuals that make binary choices. These heterogeneous social effects, which include peer and contextual effects, are modeled through unobserved influence matrices that summarize how… read more here.
Keywords: uncovering heterogeneous; social effects; binary choices; effects binary ... See more keywords