Showing 1 - 9 of 9
New ways of doing things often get started through the actions of a few innovators, then diffuse rapidly as more and more people come into contact with prior adopters in their social network. Much of the literature focuses on the speed of diffusion as a function of the network topology. In...
Persistent link: https://www.econbiz.de/10014109888
We study a model of opinion exchange in social networks where a state of the world is realized and every agent receives a zero-mean noisy signal of the realized state. It is known from Golub and Jackson that under DeGroot \cite{degroot1974reaching} dynamics agents reach a consensus that is close...
Persistent link: https://www.econbiz.de/10013237188
Persistent link: https://www.econbiz.de/10012196187
Persistent link: https://www.econbiz.de/10012109393
Persistent link: https://www.econbiz.de/10012433913
Persistent link: https://www.econbiz.de/10012492561
In a misspecified social learning setting, agents are condescending if they perceive their peers as having private information that is of lower quality than it is in reality. Applying this to a standard sequential model, we show that outcomes improve when agents are mildly condescending. In...
Persistent link: https://www.econbiz.de/10015332579
Persistent link: https://www.econbiz.de/10014307851
It is well understood that the structure of a social network is critical to whether or not agents can aggregate information correctly. In this paper, we study social networks that support information aggregation when rational agents act sequentially and irrevocably. Whether or not information is...
Persistent link: https://www.econbiz.de/10014090882