Endogenous time preferences in social networks
By: Marianna A. Klochko, Peter C. Ordeshook.
Contributors: Ordeshook, Peter C., 1942-
Publisher: Edward Elgar Pub.
Published: 2006
Place of publication: Northhampton, MA
Language: eng
Number of pages: 273
Subjects: Social networks -- Mathematical models.; Decision making -- Social aspects.; Time perspective -- Psychological aspects.; Time perception -- Social aspects.; Choice (Psychology)
Description: "Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory - the common assumption that individual time preferences are exogenous and fixed. They then present empirical evidence to suggest that this is not the case, exploring a computer simulation model that allows for the evolutionary change of time preferences. This is done, moreover, in the context of social networks that are themselves endogenously determined."--Jacket.
Notes: Includes bibliographical references and indexes.