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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

We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately informed agents have different preferences about the action to be implemented by each agent and repeatedly communicate with their neighbors in the network. We first characterize...

Persistent link: https://www.econbiz.de/10012020319

Chapter 15. Learning in Networks

Goyal, Sanjeev - In: Handbook of social economics : volume 1, (pp. 679-727). 2011

We choose between alternatives without being fully informed about the rewards from different courses of action. In making our decisions, we use our own past experience and the experience of others. So the ways in which we interact - our social network - can influence our choices. These choices...

Persistent link: https://www.econbiz.de/10014025688

Coordination in evolving networks with endogenous decay

Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009

Persistent link: https://www.econbiz.de/10008657634

Coordination in evolving networks with endogenous decay

Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009

direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network … risk-dominance play a crucial role in the long-run behavior of the system. -- coordination ; networks ; risk …

Persistent link: https://www.econbiz.de/10009735339

Coordination with Constrained Network Formation

Cui, Zhiwei - 2019

linking constraint and the marginal payoff from coordination. A restrictive linking constraint or a large marginal payoff from … coordinating on the maximum effort promotes efficient coordination. Even if these conditions are not satisfied, players need not to …

Persistent link: https://www.econbiz.de/10012859146

Centralizing information in networks.

Hagenbach, Jeanne - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

In the dynamic game we consider, players are the members of a fixed network. Everyone is initially endowed with an information item that he is the only paper to hold. Players are offered a finite number of periods to centralize the initially dispersed items in the hands of any one member of the...

Persistent link: https://www.econbiz.de/10005012515

Building up social capital in a changing world : a network approach

Vega-Redondo, Fernando - 2003

Persistent link: https://www.econbiz.de/10001788900

Naive Herding in Location-Based Networks : Induced Social Learning and Optimal Dynamic Pricing

Qiu, Liangfei; Whinston, Andrew B. - 2014

This paper studies social learning and optimal pricing in the presence of location-based social networks, such as Foursquare. We provide an analytic model to resolve the following questions: (1) What is the optimal pricing strategy in location-based networks? (2) How do different pricing...

Persistent link: https://www.econbiz.de/10014040606

Information Exchange in Prediction Markets : How Social Networks Promote Forecast Efficiency

Qiu, Liangfei; Rui, Huaxia; Whinston, Andrew B. - 2012

This paper studies the effects of information exchange and social networks on the performance of prediction markets with endogenous information acquisition. We provide a game-theoretic framework to resolve the question: Can social networks and information exchange promote the forecast efficiency...

Persistent link: https://www.econbiz.de/10014040948

A Twitter-Based Prediction Market : Social Network Approach

Qiu, Liangfei; Rui, Huaxia; Whinston, Andrew B. - 2012

Information aggregation mechanisms are designed explicitly for collecting and aggregating dispersed information. An excellent example of the use of this "wisdom of crowds" is a prediction market. The purpose of our Twitter-based prediction market is to suggest that carefully designed market...

Persistent link: https://www.econbiz.de/10014040950