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) 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
collective learning. The present paper provides a summary of this research. …
Persistent link: https://www.econbiz.de/10014025688
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …
Persistent link: https://www.econbiz.de/10013061677
This paper presents a non-Bayesian model of social learning in networks in an environment with a finite set of actions …
Persistent link: https://www.econbiz.de/10013062835
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …
Persistent link: https://www.econbiz.de/10010227321
We model the spread of news as a social learning game on a network. Agents can either endorse or oppose a claim made in … neighbors' past actions. Given these inputs, agents follow strategies derived via multi-agent deep reinforcement learning and …
Persistent link: https://www.econbiz.de/10011906248
The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … links. This means that in the design of networks there exists a trade-off between the speed of learning and accuracy. …
Persistent link: https://www.econbiz.de/10010441988
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private … signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning … unbounded strength there is learning in a strong sense: agents' actions are ex-post optimal given both the state of the world …
Persistent link: https://www.econbiz.de/10012900928
the (possibly misspecified) prior belief that her local network is the entire network. We present a tractable learning … rule to implement such locally Bayesian learning: each agent extracts new information using the full history of observed …
Persistent link: https://www.econbiz.de/10012859161
multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their … heterogeneous preference through learning on one layer and they play a pure coordination game on the other layer. People learn from …. We find that the presence of the social learning mechanism explains the rising and the endurance of a segregated society …
Persistent link: https://www.econbiz.de/10012062102