Status Risk-Aversion and Following Behaviour in Social and Economic Settings
AbstractThis 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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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 476.
Length: 40 pages
Date of creation: 1996
Date of revision:
SOCIAL PSYCHOLOGY; RISK;
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