Choosing on influence
Tugce Cuhadaroglu ()
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Tugce Cuhadaroglu: School of Economics and Finance, University of St Andrews
Theoretical Economics, 2017, vol. 12, issue 2
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 (search for similar items in EconPapers)
JEL-codes: D01 D03 D11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:the:publsh:2170
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