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Status Risk-Aversion and Following Behaviour in Social and Economic Settings

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Author Info
Clark, A.E.
Oswald, A.

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Abstract

This paper describes a theory of rational emulation and deviance. It assumes that individuals care about relative position (or 'status'), and constructs a model of decision-making in social and economic settings.

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Publisher Info
Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 476.

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Length: 40 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:wrk:warwec:476

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Web page: http://www2.warwick.ac.uk/fac/soc/economics/
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Related research
Keywords: SOCIAL PSYCHOLOGY; RISK;

Find related papers by JEL classification:
A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
D62 - Microeconomics - - Welfare Economics - - - Externalities
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

Statistics
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This page was last updated on 2009-12-21.

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