Open AccessChoosing on influence
Author(s) -
Cuhadaroglu Tugce
Publication year - 2017
Publication title -
theoretical economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.404
H-Index - 32
eISSN - 1555-7561
pISSN - 1933-6837
DOI - 10.3982/te2170
Subject(s) - simple (philosophy) , preference , computer science , mathematical economics , microeconomics , economics , management science , epistemology , philosophy
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 us to detect interacting individuals. Revealed preference analysis not only grants underlying preferences, but also the influence acquired.