6533b85efe1ef96bd12bfe39
RESEARCH PRODUCT
The erosion of personal norms and cognitive dissonance
Gonzalo OlcinaFabrizio PanebiancoVicente Calabuigsubject
Computer Science::Computer Science and Game TheoryEconomics and EconometricsSelf-justification05 social sciencesPolicy makerCognitive dissonancenorm dynamicsSettore SECS-P/01 - ECONOMIA POLITICA050105 experimental psychologyNash equilibrium0506 political scienceMicroeconomicssymbols.namesakeNash equilibriumCognitive dissonance; dominant strategies; Nash equilibrium; norm dynamics; Economics and Econometricsdominant strategies050602 political science & public administrationsymbolsCognitive dissonanceEconomics0501 psychology and cognitive sciencesSet (psychology)Mathematical economicsdescription
ABSTRACTIn this article, we study how personal norms and behaviour interact and evolve when agents try to reduce cognitive dissonance, and how this dynamic relates to Nash equilibrium. We find that in long run, agents play, and norms prescribe, Nash equilibrium in material payoffs (in the absence of norms). Our model captures two main facts: (i) norms erode along the play of the game; (ii) the erosion of norms depends on the set of possible economic choices, so that the policy maker can potentially influence them.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2016-03-03 |