learning strategy will be used, because each performs better when it is less popular. Despite that, clustering may occur if … players choose their learning strategy on the basis of largely similar information. Finally, on average players will play Hawk …

The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …

find that, in case of delegation, managers (as predicted) put tighter restrictions when interests are less aligned. Workers … mixed strategy equilibrium under communication, which strictly outperforms optimal restricted delegation and is relatively …

Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …

estimation of the parameters in an auxiliary model. The learning scheme employed by the agents belongs to the class of stochastic …

macroeconomic models in which agents are boundedly rational and use an adaptive learning rule to form expectations of the endogenous … estimate it empirically. Two prominent learning algorithms are considered, namely constant gain and decreasing gain learning …. For each of the two learning rules, the analysis proceeds in two stages. First, the paper derives the asymptotic …

We study social learning in a social network setting where agents receive independent noisy signals about the truth …