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 …

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 …