Behavioral influence

Christopher Chambers; Tugce Cuhadaroglu; Yusufcan  Masatlioglu

doi:10.1093/jeea/jvac028

Behavioral influence

Christopher Chambers, Tugce Cuhadaroglu, Yusufcan Masatlioglu

Research output: Contribution to journal › Article › peer-review

Abstract

In the context of stochastic choice, we introduce an individual decision model which admits a cardinal notion of peer influence. The model presumes that individual choice is not only determined by idiosyncratic evaluations of alternatives but also by the influence from the observed behavior of others. We establish that the equilibrium defined by the model is unique, stable and falsifiable. Moreover the underlying preference and influence parameters as well as the structure of the underlying network are uniquely identified from, arguably, limited data. The baseline model includes two individuals with conformity motives. Generalizations to multi-individual settings and negative interactions are also introduced and analyzed.

Original language	English
Article number	jvac028
Pages (from-to)	135–166
Number of pages	31
Journal	Journal of the European Economic Association
Volume	21
Issue number	1
Early online date	30 May 2022
DOIs	https://doi.org/10.1093/jeea/jvac028
Publication status	Published - 1 Feb 2023

Keywords

Identification of social interactions
Negative influence
Conformity
Stochastic choice
Peer effects
Social influence

Access to Document

10.1093/jeea/jvac028Licence: CC BY

Chambers_2023_JEEA_Behavioral-influence_CC
Copyright The Author(s) 2022. Published by Oxford University Press on behalf of European Economic Association. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
Final published version, 323 KBLicence: CC BY

Tugce Cuhadaroglu
- tc48st-andrews.acuk
- Economics (Business School) - Lecturer
Person: Academic

Cite this

@article{28f3aca239fa47acae0d716c2b5fc6f5,

title = "Behavioral influence",

abstract = "In the context of stochastic choice, we introduce an individual decision model which admits a cardinal notion of peer influence. The model presumes that individual choice is not only determined by idiosyncratic evaluations of alternatives but also by the influence from the observed behavior of others. We establish that the equilibrium defined by the model is unique, stable and falsifiable. Moreover the underlying preference and influence parameters as well as the structure of the underlying network are uniquely identified from, arguably, limited data. The baseline model includes two individuals with conformity motives. Generalizations to multi-individual settings and negative interactions are also introduced and analyzed.",

keywords = "Identification of social interactions, Negative influence, Conformity, Stochastic choice, Peer effects, Social influence",

author = "Christopher Chambers and Tugce Cuhadaroglu and Yusufcan Masatlioglu",

year = "2023",

month = feb,

day = "1",

doi = "10.1093/jeea/jvac028",

language = "English",

volume = "21",

pages = "135–166",

journal = "Journal of the European Economic Association",

issn = "1542-4766",

publisher = "Wiley-Blackwell",

number = "1",

}

TY - JOUR

T1 - Behavioral influence

AU - Chambers, Christopher

AU - Cuhadaroglu, Tugce

AU - Masatlioglu, Yusufcan

PY - 2023/2/1

Y1 - 2023/2/1

N2 - In the context of stochastic choice, we introduce an individual decision model which admits a cardinal notion of peer influence. The model presumes that individual choice is not only determined by idiosyncratic evaluations of alternatives but also by the influence from the observed behavior of others. We establish that the equilibrium defined by the model is unique, stable and falsifiable. Moreover the underlying preference and influence parameters as well as the structure of the underlying network are uniquely identified from, arguably, limited data. The baseline model includes two individuals with conformity motives. Generalizations to multi-individual settings and negative interactions are also introduced and analyzed.

AB - In the context of stochastic choice, we introduce an individual decision model which admits a cardinal notion of peer influence. The model presumes that individual choice is not only determined by idiosyncratic evaluations of alternatives but also by the influence from the observed behavior of others. We establish that the equilibrium defined by the model is unique, stable and falsifiable. Moreover the underlying preference and influence parameters as well as the structure of the underlying network are uniquely identified from, arguably, limited data. The baseline model includes two individuals with conformity motives. Generalizations to multi-individual settings and negative interactions are also introduced and analyzed.

KW - Identification of social interactions

KW - Negative influence

KW - Conformity

KW - Stochastic choice

KW - Peer effects

KW - Social influence

U2 - 10.1093/jeea/jvac028

DO - 10.1093/jeea/jvac028

M3 - Article

SN - 1542-4766

VL - 21

SP - 135

EP - 166

JO - Journal of the European Economic Association

JF - Journal of the European Economic Association

IS - 1

M1 - jvac028

ER -

Behavioral influence

Abstract

Keywords

Access to Document

Fingerprint

Profiles

Tugce Cuhadaroglu

Cite this