Empirics of Social Interactions
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چکیده
Empirical studies of social interactions address a multitude of definitional, econometric and measurement issues associated with role of interpersonal and social group influences in economic decisions. Applications range from studies of crime patterns, neighborhood influences on upbringing and conformist behavior, mutual influences among classmates and keeping up with roommates in colleges regarding academic and social activities, to herding and to learning about social services. The entry reviews several instances of successful identification of effects emanating from others’ behavior as distinct from characteristics of others. Data sets with increasingly rich contextual information will allow estimation of complex models of economic decisions. Related entries: educational finance, geographic information systems, herd behavior, natural and quasi-natural experiments, neighbors and neighborhoods, policy experiments, psychology of social networks, social multipliers, social network formation, sociology of social networks, theory of social interactions, Tiebout hypothesis.
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