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Ordinal Vs Cardinal Status: Two Examples
Economics Letters (2008)
  • Ennio Bilancini, University of Siena
  • Leonardo Boncinelli, University of Siena
We demonstrate that in models where agents have concerns for status the model predictions can drastically change depending on whether status is modelled as an ordinal or cardinal magnitude. As a proof, we show that two well known theoretical findings are not robust to the substitution of ordinal status with cardinal status (Frank, 1985) and viceversa (Clark and Oswald, 1998)
  • Status,
  • Social Comparison,
  • Ordinality,
  • Cardinality
Publication Date
Citation Information
Ennio Bilancini and Leonardo Boncinelli. "Ordinal Vs Cardinal Status: Two Examples" Economics Letters (2008)
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