Decision Support and Forecasting Center CEMI RAS

 

 

 

 

Economic Theory

 

A Model of Interactive Choice

 

Boris Brodsky

 

In this paper the problem of interactive choice is considered. The relevant definition is as follows: by interactive choice we mean the process of exchange of economic or symbolic goods between several social actors (economic agents). In individual choice problems we have only one actor, in social choice problems we study very large groups of social actors. So, specific questions of interactive choice include:
- how actors interactively adjust their individual values and preferences?
- how adjusted, reconciled, and approved values, preferences, and prices emerge as
a result of economic or symbolic exchange?

Keywords: interactive choice; evolutionist model; moral hazard; adverse selection

 

      (125 K English Version)

 

 

                                                                     

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Contact information:
Professor Boris Brodsky, CEMI RAS t.: (499)-1291122 fax: (499)1291122 brodsky@cemi.rssi.ru