TY  - GEN
AB  - We consider an OLG model (of a socialization process) where continuous
traits are transmitted from an adult generation to the children.
A weighted social network describes how children are influenced not
only by their parents but also by other role models within the society.
Parents can invest into the purposeful socialization of their children
by strategically displaying a cultural trait (which need not coincide
with their true trait). Based on Nash equilibrium behavior, we study
the dynamics of cultural traits throughout generations. We provide
conditions on the network structure that are sufficient for long–run
convergence to a society with homogeneous subgroups. In the special
case of quadratic utility, the condition is that each child is more intensely
shaped by its parents than by the social environment. Our
model also represents an extension of the classical DeGroot model
of opinion formation for which we introduce strategic interaction in
choice of expressed opinions (in our setup: traits). We show that under
strategic interaction convergence is slower and for convergence we
need more restrictive necessary and sufficient conditions than in the
DeGroot model.
DA  - 2012
KW  - cultural transmission
KW  - social networks
KW  - preference formation
KW  - cultural persistence
KW  - opinion dynamics
LA  - eng
PY  - 2012
SN  - 0931-6558
SP  - 31-
TI  - The Dynamics of Continuous Cultural Traits in Social Networks
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29009801
Y2  - 2024-11-22T03:39:58
ER  -