Conformity and out of equilibrium beliefs

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2009
Volume: 70
Issue: 1-2
Pages: 164-185

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We analyze a model of conformity with contrasting inferences. Given a form of 'strong inferences', any non-conforming agent is believed to have 'extreme preferences' and can expect to receive low esteem. With a weaker form of inferences, a non-conforming agent could be inferred to have 'average preferences' and can expect a smaller fall in esteem. We find that the type of inferences need not influence whether a conformist equilibrium exists. It will, however, impact on the size of the set of conformist equilibria and thus weakening inferences acts as an equilibrium selection device.

Technical Details

RePEc Handle
repec:eee:jeborg:v:70:y:2009:i:1-2:p:164-185
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25