I present a model of social learning over an exogenous, directed network that may be readily nested within broader …) are Bayes-rational; and (c) have strategic interaction in their decision rules. To overcome the challenges imposed by …

common to argue that this would be inconsistent with Bayesian-learning and common priors. In this paper, we not only show …

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani … variety of decision situations and ask about the economic signi…cance of suboptimal play. For example, one can ask how much of … their own information. The answer is 53% on average across all experiments –only slightly more than what they would earn by …

decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public … inefficient anti-herding behavior by the decision maker. …In this paper I analyze how careerist decision makers aggregate and use information provided by others. I find that …

In this paper I analyse the strategic interaction of decision makers and their advisers in a consultation process. I …; some decision makers may deliberately act unilaterally and not consult even when advice is costless. When they do consult …, decision makers may excessively contradict their adviser’s recommendation. Anticipating it, advisers may not report their …

effort than is others’ average income, suggesting that comparisons are more ordinal than cardinal. In the experiment, effort …