Showing 1 - 10 of 2,486
We study social learning in a social network setting where agents receive independent noisy signals about the truth …
Persistent link: https://www.econbiz.de/10011801379
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …
Persistent link: https://www.econbiz.de/10010227321
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
Persistent link: https://www.econbiz.de/10010191021
We study the impact of bots on social learning in a social network setting. Regular agents receive independent noisy …
Persistent link: https://www.econbiz.de/10013472296
We apply the dynamic stochastic framework proposed by recent evolutionaryliterature to the class of strict supermodular games when two simplebehavior rules coexist in the population, imitation and myopic optimization.We assume that myopic optimizers are able to see how well their payoff...
Persistent link: https://www.econbiz.de/10011302143
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 …
Persistent link: https://www.econbiz.de/10011333062
estimation of the parameters in an auxiliary model. The learning scheme employed by the agents belongs to the class of stochastic …
Persistent link: https://www.econbiz.de/10011381034
Persistent link: https://www.econbiz.de/10010191331
In this paper we test the celebrated `Strength of weak ties' theory of Granovetter (1973). We test two hypotheses on …
Persistent link: https://www.econbiz.de/10011348344