Showing 1 - 10 of 15
Participation in social programs, such as clubs and other social organizations, results from a process in which an agent learns about the requirements, benefits, and likelihood of acceptance related to a program, applies to be a participant, and, finally, is accepted or rejected. We propose a...
Persistent link: https://www.econbiz.de/10015360673
We consider an economic system composed of interacting potential adopters of a technology. We build a model of interindividual influence effects in which part of the links can be negative, in a context of bounded rational choice. The article shows how the sole relationships topology on a network...
Persistent link: https://www.econbiz.de/10005479041
We present a model of social learning in an environment with common values where informational cascades and herding arise in combination with the winner ; s curse. A informational cascades and herding arise in combination with the winner's curse. A seller of an object sequentially obtains bids...
Persistent link: https://www.econbiz.de/10005669846
Persistent link: https://www.econbiz.de/10005582697
This paper systematically analyzes and enriches the observational learning paradigm of Banerjee (1992) and Bikhchandani, Hirshleifer, and Welch (1992).
Persistent link: https://www.econbiz.de/10005687576
Knowledge management ca be seen as the pragmatic evolution of ideas in the field of organizational learning. Its main interest is the improvement of organizational capabilities on all levels of the organization through better use of the resource 'knowledge'.
Persistent link: https://www.econbiz.de/10005779575
In a game with rational expectations individuals refine their information with the information revealed by strategies … expectations, the information of individuals is essentially summetris: the same profile is also an equilibrium of a game with … symmetric information, and their acts are common knowledge. …
Persistent link: https://www.econbiz.de/10005634162
The purpose of this article is to link the 'organizational learning perspective' and the 'resource-based view' to show how the development of organizational knowledge can lead to a competitive advantage. From the perspective of the resource-based view, the possession of unique knowledge can be...
Persistent link: https://www.econbiz.de/10005634279
The aim of this paper is to set the foundation of an approach of the diffusion-adoption problem of an innovation or a technological standard, based on the building of influence matrixes. This means that agents are to be considered as participating in social networks that provide the support and...
Persistent link: https://www.econbiz.de/10005634437
A canonical model of Bayesian learning is presented in which the interaction of the observation of discrete activities and the possibility of delaying actions generate informational externalities with generic properties: (i) strategic complementarities or substituabilities arise, depending on...
Persistent link: https://www.econbiz.de/10005640997