… Do as the Romans do. A model of conformity with the endogenous formation of preferences
AbstractThis note is an answer to a previous model on conformity in public goods contributions developed by Carpenter (2004), where a population evolution is allowed according to the standard replicator dynamic (Taylor and Jonker, 1978; Maynard Smith, 1982). To confirm his theoretical prediction, Carpenter developed an experiment showing that free riding actually grows faster when agents have the information necessary to conform. The model and the experiment are, however, inherently different, for the time scales of the model are not able to capture the short run convergence of behavior in the experimental laboratory.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
Volume (Year): 41 (2012)
Issue (Month): 5 ()
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Web page: http://www.elsevier.com/locate/inca/620175
Conformity; Public good; Replicator dynamic; Endogenous preferences; Path dependence;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tversky, Amos & Kahneman, Daniel, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, MIT Press, vol. 106(4), pages 1039-61, November.
- Carpenter, Jeffrey P., 2004.
"When in Rome: conformity and the provision of public goods,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics),
Elsevier, vol. 33(4), pages 395-408, September.
- Jeffrey Carpenter, 2002. "When In Rome: Conformity and the Provision of Public Goods," Middlebury College Working Paper Series 0217, Middlebury College, Department of Economics.
- Munro, Alistair & Sugden, Robert, 2003. "On the theory of reference-dependent preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 50(4), pages 407-428, April.
- Meub, Lukas & Proeger, Till, 2014. "An experimental study on social anchoring," Center for European, Governance and Economic Development Research Discussion Papers 196, University of Goettingen, Department of Economics.
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