A Conditional Curie–Weiss Model for Stylized Multi-group Binary Choice with Social Interaction
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DOI: 10.1007/s10955-018-1988-y
Abstract: This paper proposes a conditional Curie–Weiss model as a model for decision making in a stylized society made up of binary decision makers that face a particular dichotomous choice between two options. Following Brock and… read more here.
Keywords: model; weiss model; choice; choice social ... See more keywords
Multinomial Choice with Social Interactions: Occupations in Victorian London
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DOI: 10.1162/rest_a_00979
Abstract: We study the importance of social interactions on the occupational choice in Victorian London using a multinomial choice model within an incomplete social network. Individuals form heterogeneous rational expectations about their peers' behaviors taking into… read more here.
Keywords: interactions occupations; multinomial choice; social interactions; victorian london ... See more keywords