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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 …
Persistent link: https://www.econbiz.de/10011684965
We study social learning in a social network setting where agents receive independent noisy signals about the truth … such that agents do not update their belief in exactly the same way at every point in time. We show that even if the social …
Persistent link: https://www.econbiz.de/10012926326
We study social learning in a social network setting where agents receive independent noisy signals about the truth … such that agents do not update their belief in exactly the same way at every point in time. We show that even if the social …
Persistent link: https://www.econbiz.de/10011801379
) 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
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … makers. We ask whether there exist "full learning'' equilibria - ones in which the players' posterior beliefs eventually … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his …
Persistent link: https://www.econbiz.de/10014220427
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 …
Persistent link: https://www.econbiz.de/10013098736
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in … random matching. -- experimental economics ; networks ; learning …
Persistent link: https://www.econbiz.de/10009315048
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in … random matching. -- experimental economics ; networks ; learning …
Persistent link: https://www.econbiz.de/10008841787
This paper studies social learning and optimal pricing in the presence of location-based social networks, such as … potentially control the information available to future customers and induce social learning by using different pricing strategies … purchases. It could prevent the social learning that increases future customers' willingness to pay when customers adopt the …
Persistent link: https://www.econbiz.de/10014040606
We study evolutionary learning processes through social networks. We show that network heterogeneity, in particular … scale-freeness, enhances social learning by studying a model in which an agent set on a network imitates the strategy only … who plays with whom) or the heterogeneity of the learning network (which determines who learns from whom) that enhances …
Persistent link: https://www.econbiz.de/10014041538