Showing 1 - 10 of 29
broadcast or sent via shortest paths; only connection density matters. In contrast, homophily substantially slows learning based …
Persistent link: https://www.econbiz.de/10005008021
We study learning and influence in a setting where agents communicate according to an arbitrary social network and …
Persistent link: https://www.econbiz.de/10005423267
simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010665513
know the “name” but not the ”type” of the other players. Learning occurs via matching and using Bayes’ rule. We introduce … the notion of a stable and consistent outcome, and show how the interaction between blocking and learning behavior shapes …
Persistent link: https://www.econbiz.de/10010904912
Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848–2009), we investigate whether a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held on the same day, constituents are more likely to refer...
Persistent link: https://www.econbiz.de/10010904923
This survey paper examines various information insufficiencies in biodiversity conservation and their impact of regulatory choices. We surveyed the literature in the field and identified four major types of informational insufficiencies in making efficient biodiversity conservation decisions: 1)...
Persistent link: https://www.econbiz.de/10005385328
coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics … play the networking game. Evidence on learning behavior provides support for subjects choosing strategies consistent with … various learning rules, which include as the main ones Reinforcement and Fictitious Play. …
Persistent link: https://www.econbiz.de/10005385417
This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to economic incentives and transmitting their ideology...
Persistent link: https://www.econbiz.de/10009320986
Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job search model with an endogenous number of contacts....
Persistent link: https://www.econbiz.de/10009421238
We consider a game of information transmission, with one informed decision maker gathering information from one or more informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the one sender case, we show that correlation...
Persistent link: https://www.econbiz.de/10010833919