Choosing on Influence

Tugce Cuhadaroglu

doi:10.3982/TE2170

Choosing on Influence

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

Abstract

Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple properties that aid to detect interacting individuals. Revealed preference analysis not only grants underlying preferences but also the influence acquired.

Original language	English
Pages (from-to)	477-492
Number of pages	16
Journal	Theoretical Economics
Volume	12
Issue number	2
Early online date	26 May 2017
DOIs	https://doi.org/10.3982/TE2170
Publication status	Published - 26 May 2017

Keywords

Interaction
Social influence
Boundedly rational decision making
Two-stage maximization
Incomplete preferences

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10.3982/TE2170Licence: CC BY-NC

Cuhadaroglu_2017_TE_Influence_CC
Copyright © 2017 The Author. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes.
Final published version, 189 KBLicence: CC BY-NC

Cite this

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abstract = "Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple properties that aid to detect interacting individuals. Revealed preference analysis not only grants underlying preferences but also the influence acquired.",

keywords = "Interaction, Social influence, Boundedly rational decision making, Two-stage maximization, Incomplete preferences",

author = "Tugce Cuhadaroglu",

note = "Financial support by the Spanish Ministry of Science and Innovation through Grant ECO2008-04756 (Grupo Consolidado-C), FEDER and also the Scottish Institute of Research in Economics (SIRE) is acknowledged.",

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PY - 2017/5/26

Y1 - 2017/5/26

N2 - Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple properties that aid to detect interacting individuals. Revealed preference analysis not only grants underlying preferences but also the influence acquired.

AB - Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple properties that aid to detect interacting individuals. Revealed preference analysis not only grants underlying preferences but also the influence acquired.

KW - Interaction

KW - Social influence

KW - Boundedly rational decision making

KW - Two-stage maximization

KW - Incomplete preferences

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ER -

Choosing on Influence

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Keywords

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Tugce Cuhadaroglu

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Choosing on Influence

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Tugce Cuhadaroglu

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