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Dynamics of strategic information transmission in social networks

Förster, Manuel - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 1, pp. 253-295

) 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

Delegating learning

Escobar, Juan F.; Zhang, Qiaoxi - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 571-603

Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation problem where a principal decides on a project with uncertain profitability. A biased agent, who is initially as uninformed as the principal, privately learns the profitability...

Persistent link: https://www.econbiz.de/10012587421

Dynamics of information exchange in endogenous social networks

Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman E. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 1, pp. 41-97

We develop a model of information exchange through communication and investigate its implications for information … to form a costly \textit{communication link} with, incurring the associated cost. After receiving a \textit …{private signal} correlated with the underlying state, they exchange information over the induced \textit{communication network} until …

Persistent link: https://www.econbiz.de/10011684965

Coordination and Social Learning

Huang, Chong - 2016

This paper studies the interaction between coordination and social learning in a dynamic regime change game. Social learning provides public information, to which players overreact due to the coordination motive. Coordination affects the aggregation of private signals through players' optimal...

Persistent link: https://www.econbiz.de/10013008554

Strategic Observational Learning

Migrow, Dimitri - 2023

We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning. Under a symmetric signal structure, forward-looking agents behave myopically for any degrees of patience. Myopic equilibrium is unique in the class of symmetric threshold...

Persistent link: https://www.econbiz.de/10014263855

Persuasion by dimension reduction

Malamud, Semyon; Schrimpf, Andreas - 2021 - This version: October 17, 2021

How should an agent (the sender) observing multi-dimensional data (the state vector) persuade another agent to take the desired action? We show that it is always optimal for the sender to perform a (non-linear) dimension reduction by projecting the state vector onto a lower-dimensional object...

Persistent link: https://www.econbiz.de/10012799529

Communication and Learning

Anderlini, Luca; Gerardi, Dino; Lagunoff, Roger D. - 2008

We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …

Persistent link: https://www.econbiz.de/10014220427

Can you guess the game you're playing?

Oechssler, Joerg; Schipper, Burkhard - 2000

Persistent link: https://www.econbiz.de/10001529148

Learning and implementation on the internet

Friedman, Eric; Shenker, Scott - 1998

Persistent link: https://www.econbiz.de/10000993778

A Simple Model of International Environmental Agreements with Bayesian Learning

Chan, H. Ron - 2012

In this paper I study the economics of self-enforcing international environmental agreements where agents never know what exactly the state of the world is. Explicitly, I consider countries using Bayesian learning to update their beliefs on the state of the world. Using a very simple framework...

Persistent link: https://www.econbiz.de/10014164277