Sequential choice and selfreinforcing rankings
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- dc.contributor.author Analytis, Pantelis P.
- dc.contributor.author Cerigioni, Francesco
- dc.contributor.author Gelastopoulos, Alexandros
- dc.contributor.author Stojic, Hrvoje
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:10:12Z
- dc.date.available 2024-11-14T10:10:12Z
- dc.date.issued 2022-02-16
- dc.date.modified 2024-11-14T10:08:25Z
- dc.description.abstract People's behavior is informed and influenced by other people's choices. In many online technologies, for instance, aggregate information about the choices of other individuals is encoded in the form of rankings. Such rankings, in turn, have a direct impact on people's future choices. What are the long-term dynamics of these rankings, and do the dynamics depend on specific assumptions about people's behavior? In this paper, we propose a general framework for modeling the dynamics in settings where information about peoples' past choices is recorded as a ranking and influences future choices. We find a general condition for convergence, show that it is satisfied by many important models in economics and beyond, and characterize the possible limits in terms of the choice probabilities.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1819
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/68673
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1819
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword ranking
- dc.subject.keyword sequential choice
- dc.subject.keyword social learning
- dc.subject.keyword social influence
- dc.subject.keyword inattention
- dc.subject.keyword herding
- dc.subject.keyword Behavioral and Experimental Economics
- dc.title Sequential choice and selfreinforcing rankings
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper