arXiv 14 Apr 2019 · Econometrics · 2 citations (OpenAlex)
arXiv:1904.06742 · PDF · DOI · OpenAlex · Extracted main text
We develop a dynamic model of discrete choice that incorporates peer effects into random consideration sets. We characterize the equilibrium behavior and study the empirical content of the model. In our setup, changes in the choices of friends affect the distribution of the consideration sets. We exploit this variation to recover the ranking of preferences, attention mechanisms, and network connections. These nonparametric identification results allow unrestricted heterogeneity across people and do not rely on the variation of either covariates or the set of available options. Our methodology leads to a maximum-likelihood estimator that performs well in simulations. We apply our results to an experimental dataset that has been designed to study the visual focus of attention.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Blume (1993) The statistical mechanics of strategic interaction | 0.928 | 5 | 5 | 80% |
| 2 | Blume (1995) The statistical mechanics of best-response strategy revision | 0.928 | 5 | 5 | 80% |
| 3 | Manski (1977) The structure of random utility models | 0.928 | 4 | 4 | 100% |
| 4 | Manzini and Mariotti (2014) Stochastic choice and consideration sets | 0.888 | 10 | 5 | 70% |
| 5 | Blevins (2017) Identifying restrictions for finite parameter continuous time models with discrete time data | 0.843 | 4 | 4 | 75% |
| 6 | Blevins (2018) Identification and estimation of continuous time dynamic discrete choice games | 0.843 | 4 | 4 | 75% |
| 7 | Dardanoni, Manzini, Mariotti and Tyson (2020) Inferring cognitive heterogeneity from aggregate choices | 0.843 | 5 | 3 | 60% |
| 8 | Blume and Durlauf (2003) Equilibrium concepts for social interaction models | 0.737 | 4 | 3 | 50% |
| 9 | Aguiar (2017) Random categorization and bounded rationality | 0.644 | 2 | 2 | 100% |
| 10 | Aguiar, Boccardi, Kashaev and Kim (2021) Random utility and limited consideration | 0.644 | 2 | 2 | 100% |
Showing the top 10 of 56 scored citations.
arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.
| Citing paper | Intensity | Mentions | Sections | |
|---|---|---|---|---|
| 1 | Discrete Choice with Endogenous Peer Selection | 0.405 | 1 | 1 |