TY  - BOOK
AU  - Heal,Geoffrey
AU  - Kunreuther,Howard
ED  - National Bureau of Economic Research.
TI  - Social Reinforcement: Cascades, Entrapment and Tipping 
T2  - NBER working paper series
PY  - 2007///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - November 2007; Hardcopy version available to institutional subscribers
N2  - There are many social situations in which the actions of different agents reinforce each other. These include network effects and the threshold models used by sociologists (Granovetter, Watts) as well as Leibenstein's "bandwagon effects." We model such situations as a game with increasing differences, and show that tipping of equilibria as discussed by Schelling, cascading and Dixit's results on clubs with entrapment are natural consequences of this mutual reinforcement. If there are several equilibria, one of which Pareto dominates, then we show that the inefficient equilibria can be tipped to the efficient one, a result of interest in the context of coordination problems
UR  - https://www.nber.org/papers/w13579
UR  - http://dx.doi.org/10.3386/w13579
ER  -