What is it about?
This paper is in the field of behavioral economics concerning social conformity preferences among voters.
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Why is it important?
The findings of this paper highlight that conformity preference can improve the sum of voters' social welfare and alleviate the free-rider problem.
Perspectives
Overall, though conformity has always had a bad reputation, my results shed light on its usefulness in voting.
huihui ding
Universite de Bordeaux
Read the Original
This page is a summary of: Conformity Preferences and Information Gathering Effort in Collective Decision Making, The B E Journal of Theoretical Economics, July 2017, De Gruyter,
DOI: 10.1515/bejte-2016-0136.
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Resources
Conformity Preferences in the elevator
When everyone's doing something, we assume there's a good reason, and we follow along (we conform).
Asch's Conformity Experiments
The famous Soloman Asch's Conformity Experiments show that the peer pressure of conforming to the group will make people give the wrong answer.
Contributors
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