Cartwright, E.J. (2009) Social norms: Does it matter whether agents are rational or boundedly rational? Journal of Socio Economics, 38 (3). pp. 403-410. ISSN 1053-5357.
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The motivation for this paper is to consider whether changes in conformity over time are likely to depend critically on agent behavior. To get some insight on this we use the framework of Chamley [Chamley, C., 1999. Coordinating regime switches. The Quarterly Journal of Economics 114, 869–905] and compare the dynamic of conformity in a setting where agents are rational to one where they are adaptive (or backward looking). This is followed by a more general discussion on the issue.
|Uncontrolled keywords:||Conformity Social norms Adaptive Rational|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||Edward Cartwright|
|Date Deposited:||27 Nov 2009 11:17|
|Last Modified:||27 Nov 2009 11:17|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/18252 (The current URI for this page, for reference purposes)|
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