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• W2182322228 abstract "This paper begins with a theory of conversion to exclusive faiths grounded in rational choice. It argues that exclusivity is a signal that consumers can trust, since it entails an opportunity cost of lost sales to those risk-averse consumers who are turned away by the prohibition to diversify their portfolio of ideological assets. The signal functions like a bond that makes it in the firm's interest to provide high quality. However, the signaling value of exclusivity falls as the sect grows into a universal religion. We model this transition and show that the religion will tend to rely on doctrinal strictness which, unlike exclusivity and other behavioral prohibitions, is not subject to diminishing returns to size. This provides an explanation for several observed forms of religious extremism, from the Islamic to the Roman Catholic variety." @default.
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• W2182322228 date "2005-01-01" @default.
• W2182322228 modified "2023-09-27" @default.
• W2182322228 title "A MODEL OF EXTREMISM IN UNIVERSAL RELIGIONS" @default.
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