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

Andrew Clark and Andrew Oswald

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

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.

Keywords: SOCIAL PSYCHOLOGY; RISK (search for similar items in EconPapers)
JEL-codes: A14 D62 D81 (search for similar items in EconPapers)
Pages: 40 pages
Date: 1996
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https://warwick.ac.uk/fac/soc/economics/research/w ... 95-1998/twerp476.pdf

Related works:
Working Paper: STATUS RISK-AVERSION AND FOLLOWING BEHAVIOUR IN SOCIAL AND ECONOMIC SETTINGS (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:476

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