Ordinal vs Cardinal Status: Two Examples

Ennio Bilancini and Leonardo Boncinelli ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: We demonstrate that in models where agents have concerns for status the model predictions can drastically change depending on whether status is modelled as an ordinal or cardinal magnitude. As a proof, we show that two well known theoretical findings are not robust to the substitution of ordinal status with cardinal status (Frank (1985)) and viceversa (Clark and Oswald (1998)).

Keywords: Status; Social Comparison; Ordinality; Cardinality (search for similar items in EconPapers)
JEL-codes: D0 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp and nep-soc
Date: Written
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Journal Article: Ordinal vs cardinal status: Two examples (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:usi:wpaper:512

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