We study the perfect Bayesian equilibria of a sequential model of social learning in networks where agents learn about a state of the world by observing the actions of their neighbors. In contrast with prior work, we do not assume that the agents' sets of neighbors are mutually independent. We...

In his discussion of minimax decision rules, Savage (1954, p. 170)presents an example purporting to show the inadequacy of a minimaxnegative expected utility rule (referred to by Savage as 'negativeincome') as a decision criterion for statistics and suggests theapplication of a minimax regret...

The economic literatures on bounded rationality and on social networks stand to benefit from a closer relationship. Despite concerns about the cognitive demands of rational choice, models which explicitly account for the cognitive costs of decision making have yet to gain significant traction. I...