Social interactions under incomplete information with heterogeneous expectations

doi:10.1016/j.jeconom.2016.11.010

CORC > 上海财经大学 > 上海财经大学

	Social interactions under incomplete information with heterogeneous expectations
	Yang, Chao 1,2; Lee, Lung-fei 3
刊名	JOURNAL OF ECONOMETRICS
	2017-05
卷号	198 期号:1 页码:65-83
关键词	Social interactions Network links Equilibrium expectations Incomplete information game Contraction mapping Gaussian quadrature
ISSN号	0304-4076
DOI	10.1016/j.jeconom.2016.11.010
英文摘要	We analyze social interactions where the conditional expectations about group members' behaviors are heterogeneous with individual features as well as asymmetric private information, under the framework of a simultaneous move game with incomplete information. A functional contraction mapping is used to establish the existence of a unique Bayesian Nash equilibrium. The method of nested fixed point maximum likelihood estimation performs well for both linear and binary choice models. If heterogeneity is assumed away, estimates will be biased. For the 2011 National Youth Tobacco Survey data, significant peer effects on juvenile tobacco use are found. (C) 2017 Elsevier B.V. All rights reserved.
WOS研究方向	Business & Economics ; Mathematics ; Mathematical Methods In Social Sciences
语种	英语
出版者	ELSEVIER SCIENCE SA
WOS记录号	WOS:000400200200005
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/988]
专题	上海财经大学
通讯作者	Yang, Chao
作者单位	1.Shanghai Univ Finance & Econ, Sch Econ, Shanghai, Peoples R China; 2.Minist Educ, Key Lab Math Econ SUFE, Shanghai, Peoples R China; 3.Ohio State Univ, Dept Econ, Columbus, OH 43210 USA
推荐引用方式 GB/T 7714	Yang, Chao,Lee, Lung-fei. Social interactions under incomplete information with heterogeneous expectations[J]. JOURNAL OF ECONOMETRICS,2017,198(1):65-83.
APA	Yang, Chao,&Lee, Lung-fei.(2017).Social interactions under incomplete information with heterogeneous expectations.JOURNAL OF ECONOMETRICS,198(1),65-83.
MLA	Yang, Chao,et al."Social interactions under incomplete information with heterogeneous expectations".JOURNAL OF ECONOMETRICS 198.1(2017):65-83.