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A 3-Node Network: Part 1

In: Endogenous Time Preferences in Social Networks

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Abstract

Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory – the common assumption that individual time preferences are exogenous and fixed. They then present empirical evidence to suggest that this is not the case, exploring a computer simulation model that allows for the evolutionary change of time preferences. This is done, moreover, in the context of social networks that are themselves endogenously determined.

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  • ., 2005. "A 3-Node Network: Part 1," Chapters, in: Endogenous Time Preferences in Social Networks, chapter 5, pages 87-132, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3987_5
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