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converging to one as a society grows large. Under truthful communication, we show that asymptotic learning occurs if (and under … response, it is an equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium …) ensure the emergence of communication networks that lead to asymptotic learning. Our result shows that societies with too …
Persistent link: https://www.econbiz.de/10011684965
Persistent link: https://www.econbiz.de/10014314150
We study social learning in a social network setting where agents receive independent noisy signals about the truth … such that agents do not update their belief in exactly the same way at every point in time. We show that even if the social …
Persistent link: https://www.econbiz.de/10012926326
We study social learning in a social network setting where agents receive independent noisy signals about the truth … such that agents do not update their belief in exactly the same way at every point in time. We show that even if the social …
Persistent link: https://www.econbiz.de/10011801379
grows large. Under truthful communication, we show that asymptotic learning occurs if (and under some additional conditions … equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium behavior with a socially … communication networks that lead to asymptotic learning. Our result shows that societies with 599 many and sufficiently large social …
Persistent link: https://www.econbiz.de/10014190897
) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …
Persistent link: https://www.econbiz.de/10012020319
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … makers. We ask whether there exist "full learning'' equilibria - ones in which the players' posterior beliefs eventually … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his …
Persistent link: https://www.econbiz.de/10014220427
We present a model of directed communication network with endogenous link strength. Agents are endowed with a fixed …
Persistent link: https://www.econbiz.de/10014055848
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
-generation wireless communication systems (NIST) such as autonomous self-discovering, self-organizing and self-adaptive mobile ad hoc …
Persistent link: https://www.econbiz.de/10014120820