Showing 1 - 10 of 1,304
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/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
This paper investigates opinion dynamics and social influence in directed communication networks. We study the … take into account the structure of their communication network, although only to a limited extent. …
Persistent link: https://www.econbiz.de/10010510796
We model the spread of news as a social learning game on a network. Agents can either endorse or oppose a claim made in … neighbors' past actions. Given these inputs, agents follow strategies derived via multi-agent deep reinforcement learning and …
Persistent link: https://www.econbiz.de/10011906248
We build a search-and-matching algorithm of network dynamics with decision-making under incomplete information, seeking …
Persistent link: https://www.econbiz.de/10012040625
suggest a search and matching mechanism behind network formation of friends, claiming that the internet has made search and …
Persistent link: https://www.econbiz.de/10012520365
We investigate the role of conflicting interests in a boundedly rational model of belief dynamics. Individuals have … noisy message containing information about his belief, the receiver interprets the sent message and updates her belief by … adopting the average of the interpretation and her pre-meeting belief. First, we establish that persuasion bias implies …
Persistent link: https://www.econbiz.de/10014135492
In markets with search frictions, consumers can acquire information about goods either through costly search or from … friends via word-of-mouth (WOM) communication. How do sellers’ market power react to a very large increase in the number of …
Persistent link: https://www.econbiz.de/10012671888
Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi-sender, multi-receiver cheap talk game in which players choose with whom to communicate. We show that segregation into small, homogeneous groups can improve everybody’s...
Persistent link: https://www.econbiz.de/10012265620