Showing 1 - 10 of 9,882
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, an agent's payoff depends both on the state and...
Persistent link: https://www.econbiz.de/10012900928
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, an agent's payoff depends both on the state and...
Persistent link: https://www.econbiz.de/10012022731
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents … are connected according to an undirected graph, the social network, and have the choice between two actions: either to … network. (2) Average inclination governs collective adoption behavior. (3) Initial inclinations determine the critical mass of …
Persistent link: https://www.econbiz.de/10013061677
We report the findings of experiments designed to study how people learn in network games. Network games offer new … opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their … find that learning depends on network position. Participants in more complex environments (with more network neighbors …
Persistent link: https://www.econbiz.de/10011884406
This paper studies adaptive learning in the class of weighted network games. This class of games includes applications … like research and development within interlinked firms, crime within social networks, the economics of pollution, and … defense expenditures within allied nations. We show that for every weighted network game, the set of pure Nash equilibria is …
Persistent link: https://www.econbiz.de/10012944776
social network - can influence our choices. These choices in turn influence the generation of new information and shape … future choices. These considerations motivate a rich research programme on how social networks shape individual and …
Persistent link: https://www.econbiz.de/10014025688
The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … network. We show that the delay in information transmission caused by incomplete network structures may induce players to … increase own experimentation efforts. As a consequence a complete network can fail to be optimal even if there are no costs for …
Persistent link: https://www.econbiz.de/10010441988
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents … are connected according to an undirected graph, the social network, and have the choice between two actions: either to … network. (2) Average inclination governs collective adoption behavior. (3) Initial inclinations determine the critical mass of …
Persistent link: https://www.econbiz.de/10010227321
Persistent link: https://www.econbiz.de/10012131965
We provide an overview and synthesis of the literature on how social networks influence behaviors, with a focus on … diffusion. We discuss some highlights from the empirical literature on the impact of networks on behaviors and diffusion. We … also discuss some of the more prominent models of network interactions, including recent advances regarding interdependent …
Persistent link: https://www.econbiz.de/10014025689