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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
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 …
Persistent link: https://www.econbiz.de/10014190897
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
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
We study learning and influence in a setting where agents communicate according to an arbitrary social network and …
Persistent link: https://www.econbiz.de/10014049685
We investigate how the selection process of a leader affects team performance with respect to social learning. We use a … position in the communication network already makes a leader highly influential. Knowing that the leader is not selected at … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …
Persistent link: https://www.econbiz.de/10012952028
This paper introduces a model of boundedly rational observational learning, which is rationally founded and applicable …
Persistent link: https://www.econbiz.de/10013027986