Discussion Paper

No. 2014-2 | January 13, 2014
Social Norms or Low-Cost Heuristics? An Experimental Investigation of Imitative Behavior
(Published in Special Issue Economics, Psychology and Choice Theory)

Abstract

This paper extends choice theory by allowing for the interaction between cognitive costs and social norms. The authors experimentally investigate the role of imitation and temporal decisional patterns when participants face a task which is costly in cognitive terms. They identify two main reasons for imitative behavior. First, individuals belonging to a community might want to conform to others to obey to social norms. Second, individuals might be boundedly rational and consider imitation as a decisional device when comparing alternatives is cognitively demanding. In order to empirically disentangle the two effects, the authors present a laboratory experiment in which they model the choice of different alternatives through high or low cognitive costs and feedback information given to subjects. Their results do not provide strong evidence for imitative behavior. They find instead a temporal pattern in the distribution of choices, both in the high-cost and low-cost conditions.

JEL Classification

C92 D81 Z13

Cite As

Simona Cicognani and Luigi Mittone (2014). Social Norms or Low-Cost Heuristics? An Experimental Investigation of Imitative Behavior. Economics Discussion Papers, No 2014-2, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2014-2

Assessment



Comments and Questions


Anonymous - Referee report 1
March 05, 2014 - 12:16

see attached file


Simona Cicognani and Luigi Mittone - Reply to referee report 1
March 31, 2014 - 10:03

see attached file