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The Economy as an Evolving Complex System, IIICurrent Perspectives and Future Directions$
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Lawrence E. Blume and Steven N. Durlauf

Print publication date: 2005

Print ISBN-13: 9780195162592

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195162592.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 April 2021

Multinomial Choice with Social Interactions

Multinomial Choice with Social Interactions

(p.175) Multinomial Choice with Social Interactions
The Economy as an Evolving Complex System, III

William A. Brock

Steven N. Durlauf

Oxford University Press

This chapter shows how to develop an analysis of social interactions that builds the interdependencies that characterize complex systems into a framework consistent with individual decision making. They characterize both the theoretical implications of these interdependences and describe how to implement the model econometrically.

Keywords:   social interactions, interdependencies, decision making, complex systems

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