The Economic Consequences of Social Network Structure

Jackson, Matthew O.; Rogers, Brian W.; Zénou, Yves

doi:10.2139/ssrn.2467812

Cited by 98 publications

(122 citation statements)

References 204 publications

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“…I do not attempt to survey the literatures here. Background can be found in Wasserman and Faust (1994); Granovetter (2005); Jackson (2005,2008,2011); Demange and Wooders (2005); Vega-Redondo (2007); Goyal (2007); Newman (2010); Benhabib, Bisin, and Jackson (2011); ;Jackson, Rogers, and Zenou (2014).…”

Section: Why Network?mentioning

confidence: 99%

Networks in the Understanding of Economic Behaviors

Jackson

2014

Journal of Economic Perspectives

Self Cite

214

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T he explosive changes in our abilities to communicate over distancesspurred by the evolution of communication technologies coupled with increased capabilities of the internet and social media-have made social networks very salient. Thus, it is perhaps more than coincidental that there has been a growth in network-related research that has accompanied the dramatic changes in the wiring of the world. 1Although the increased salience of networks may have awakened people to their importance, there is another more fundamental force that is driving the recent growth in the study of networks in economics. The main impetus is that, as economists endeavor to build better models of human behavior, they cannot ignore that humans are fundamentally a social species with interaction patterns that shape their behaviors. People's opinions, which products they buy, whether they invest in education, become criminals, and so forth, are all influenced by friends and acquaintances. Ultimately, the full network of relationships-how dense it is, whether some groups are segregated, who sits in central positions-affects how information spreads 1 Note that this is not the first revolution in communication that has rewired human interaction, as the world has shrunk many times before: with the advent of letter writing, the telegraph, trains, the telephone, air travel, and others. Evidence from a study of the spread of the Black Death in 14th-century Europe suggests that the average social distance between individuals was much larger centuries ago than today (Marvel, Martin, Doering, Lusseau, and Newman 2013).

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Section: Why Network?mentioning

confidence: 99%

Networks in the Understanding of Economic Behaviors

Jackson

2014

Journal of Economic Perspectives

Self Cite

214

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“…Com motivações financeiras para opções opostas, observaram que alguns comportamentos e atitudes específicas são necessárias para uma melhor resolução coletiva de problemas, o que evidencia a relevância da rede. Com isso, para explicar o comportamento pessoal é necessário incluir a arquitetura da rede e a estrutura de informações (Choi, Gale & Kariv, 2004), visto que a disseminação de informações ajuda a proporcionar reações sociais rápidas e incentivos (Jackson, Rogers & Zenou, 2016 Por tudo isto, é possível identificar temas potenciais para pesquisa e compreender que as relações sociais estão presentes em todas as áreas, já que fazem parte do sistema social e humano. Assim, torna-se relevante analisar como a literatura tem abordado essas questões, particularmente, na área de finanças comportamentais.…”

Section: Finanças Comportamentaisunclassified

Interconexões entre finanças comportamentais e análise de redes sociais: uma investigação na literatura internacional

Flores

Coronel

Vieira

2017

redes

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Tendo como referência a tomada de decisão, visualiza-se a importância das temáticas que envolvem finanças comportamentais, onde o indivíduo é analisado sob a ótica das heurísticas e vieses. Nesse sentido, a análise de redes sociais pode contribuir para ampliar os conhecimentos gerados por esta área, visto que considera as transações baseadas em rede. Para tanto, definiu-se como objetivo geral explorar os temas de finanças comportamentais e análise de redes sociais, identificando possíveis relações, com base em periódicos internacionais da área, durante o período de 2012 a 2016. Utilizou-se uma pesquisa bibliométrica em quatro periódicos internacionais relacionados a pesquisas em finanças comportamentais e análise de redes sociais. Como resultado, pode-se observar que, do total de artigos selecionados pelos termos de busca, vinte e cinco compuseram a amostra, sendo o Journal of Economic Psychology o periódico com mais publicações. Verifica-se que predominaram os artigos realizados de forma conjunta, com três autores, que em alguns casos estão vinculados a instituições e países distintos. Em âmbito do conteúdo dos artigos, visualiza-se temas relacionados a redes e questões sociais e comportamentais, sendo artigos empíricos, em sua maioria com a utilização de pesquisa survey e experimentos, visto tratar-se de aspectos associados a cognição. Palabras clave: Finanças Comportamentais -redes sociais -bibliometria.Having the decision making, the importance of themes involving behavioral finances is visualized, where the individual is analyzed from the standpoint of heuristics and biases. In this sense, the analysis of social networks can contribute to broaden the knowledge generated by this area, since it considers the transactions based on network. Therefore, it was defined as a general objective to explore the themes of behavioral finance and analysis of social networks, identifying possible relationships, based on international journals of the area, during the period from 2012 to 2016. A bibliometric research was used in four international periodicals related to research in behavioral finance and social network analysis. As a result, it can be observed that, of the total number of articles selected by the search terms, twenty-five made up the sample, the Journal of Economic Psychology being the periodical with the most publications. It is verified that articles predominantly carried out jointly, with three authors, which in some cases are linked to different institutions and countries. About the content of the articles, topics related to networks and social and behavioral issues are presented, being empirical articles, mostly using survey research and experiments, since these are aspects associated with cognition.

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“…when individuals were aged [11][12][13][14][15][16][17][18][19][20][21] to obtain a detailed picture of the family and social environments during adolescence. Since the median age of leaving the parental home is around 21-22 for females and 22-24 for males (see, e.g., Iacovou, 2002), we then use the follow-up data in 7 For a general discussion and overview on these issues, see Blume et al (2011), Goldsmith-Pinkham and Imbens (2013), Graham (2015), and Jackson et al (2015). 8 A similar modeling approach is used by Goldsmith-Pinkham and Imbens (2013) and Hsieh and Lee (2014 [18][19][20][21][22][23][24][25][26][27][28] to derive information on nestleaving decisions.…”

Section: Introductionmentioning

confidence: 99%

“…Since the median age of leaving the parental home is around 21-22 for females and 22-24 for males (see, e.g., Iacovou, 2002), we then use the follow-up data in 7 For a general discussion and overview on these issues, see Blume et al (2011), Goldsmith-Pinkham and Imbens (2013), Graham (2015), and Jackson et al (2015). 8 A similar modeling approach is used by Goldsmith-Pinkham and Imbens (2013) and Hsieh and Lee (2014 [18][19][20][21][22][23][24][25][26][27][28] to derive information on nestleaving decisions. In our sample, about 14,000 students are coresidents with parents in Wave I and about half of them leave the nest in Wave III (excluding homeless and those with missing values).…”

Section: Introductionmentioning

confidence: 99%

Residential choices of young Americans

Patacchini

Arduini

2016

Journal of Housing Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents inIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.IZA Discussion Paper No. 10186 September 2016 ABSTRACT Residential Choices of Young Americans *Using detailed data on a cohort of young Americans who were in their late twenties and early thirties in 2008, we investigate the importance of forces different from economic incentives in nest-leaving decisions. We apply recent methods from social network econometrics to identify the importance of peers net of confounding factors. For the entire sample, our findings reveal no evidence of peer effects. Indicators of parenting and the social structure of families appear to be the major factors in the decisions to coreside with parents. However, for those who moved back home after a few years of living alone, we find strong peer effects. These findings are consistent with theories of social influences in peer groups in which peers play a critical role for individuals with time-inconsistent preferences.JEL Classification: A14, C21, D85, R21, Z13

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The Economic Consequences of Social Network Structure

Cited by 98 publications

References 204 publications

Networks in the Understanding of Economic Behaviors

Networks in the Understanding of Economic Behaviors

Interconexões entre finanças comportamentais e análise de redes sociais: uma investigação na literatura internacional

Residential choices of young Americans

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