Who can explain our theory?
- Charness and Rabin can explain conformism:
- Saito imply leaner version of Charness and Rabin,
- Our data reject Saito
- Slight modification to Charness and Rabin (and non-linear)
How cappelen works:
- have to ignore that election is not enforced
- ex ante probability
unorthodox: *
-
Leiderer Monetary component - Penalty * departure from a norm
-
norm defines equilibrium
Edited by Wendelin Schnedler