Showing 1 - 2 of 2
This paper studies the behavioral foundations of non-Bayesian models of learning over social networks and develops a taxonomy of conditions for information aggregation in a general framework. As our main behavioral assumption, we postulate that agents follow social learning rules that satisfy...
Persistent link: https://www.econbiz.de/10014035630
This paper examines how the structure of a social network and the quality of information available to different agents determine the speed of social learning. To this end, we study a variant of the seminal model of DeGroot (1974), according to which agents linearly combine their personal...
Persistent link: https://www.econbiz.de/10014039045