The Impact of Social Institutions on Social Consensus and Polarization

20 Pages Posted: 6 Aug 2012

See all articles by Norbert Pierre

Norbert Pierre

Government of the United States of America - Office of the Comptroller of the Currency (OCC)

Date Written: August 3, 2012

Abstract

Representing social institutions in terms of a well-known model of information transmission and social learning, the paper shows the ability of institutions to facilitate or prevent social consensus. It also shown that the insularity of societal institutions has a profound impact on the time required to achieve consensus.

Keywords: social consensus, DeGroot model, social institutions, social polarization, reducible Markov chains

JEL Classification: C00, D70

Suggested Citation

Pierre, Norbert, The Impact of Social Institutions on Social Consensus and Polarization (August 3, 2012). Available at SSRN: https://ssrn.com/abstract=2124396 or http://dx.doi.org/10.2139/ssrn.2124396

Norbert Pierre (Contact Author)

Government of the United States of America - Office of the Comptroller of the Currency (OCC) ( email )

400 7th Street SW
Washington, DC 20219
United States

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