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This paper presents a non-Bayesian model of social learning in networks in an environment with a finite set of actions. We conduct a laboratory experiment in which participants play an urn-guessing game over several decision rounds while observing the previous choices of the network members to...
Persistent link: https://www.econbiz.de/10013062835
We revisit the idea that robustness concerns can provide a foundation for simple mechanisms. Formally, we consider the robust implementation notion of continuous implementation (Oury and Tercieux, 2012), where continuity is with respect to players' hierarchy of beliefs. We define simplicity as...
Persistent link: https://www.econbiz.de/10012866018
Persistent link: https://www.econbiz.de/10013373137