Dasaratha, Krishna; He, Kevin - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 415-444
We study a sequential-learning model featuring a network of naive agents with Gaussian information structures. Agents apply a heuristic rule to aggregate predecessors' actions. They weigh these actions according the strengths of their social connections to different predecessors. We show this...
