Showing 1 - 10 of 14
institutions are sufficiently small, more “complete” interbank claims enhance the stability of the system. However, beyond a …
Persistent link: https://www.econbiz.de/10013087354
With the increasing ease with which information can be shared in social media, the issue of privacy has become central for the functioning of various online platforms. In this paper, we consider how privacy concerns affect individual choices in the context of a network formation game (where...
Persistent link: https://www.econbiz.de/10011491734
We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...
Persistent link: https://www.econbiz.de/10014190897
Can we identify highly central individuals in a network without collecting network data, simply by asking community members? Can seeding information via such nominated individuals lead to significantly wider diffusion than {choosing} randomly chosen people, or even respected ones? In two...
Persistent link: https://www.econbiz.de/10014037358
We examine the interplay between social norms and the enforcement of laws. Agents choose a behavior (e.g., tax evasion, production of low-quality products, corruption, harassing behavior, substance abuse, etc.) and then are randomly matched with another agent. There are complementarities in...
Persistent link: https://www.econbiz.de/10014143386
We study the evolution of a social norm of `cooperation' in a dynamic environment. Each agent lives for two periods and interacts with agents from the previous and next generations via a coordination game. Social norms emerge as patterns of behavior that are stable in part due to agents'...
Persistent link: https://www.econbiz.de/10013068049
A coordination game with incomplete information is played through time. In each period, payoffs depend on a fundamental state and an additional idiosyncratic shock. Fundamentals evolve according to a random walk where the changes in fundamentals (namely common shocks) have a fat tailed...
Persistent link: https://www.econbiz.de/10011573294
We provide an overview of recent research on belief and opinion dynamics in social networks. We discuss both Bayesian and non-Bayesian models of social learning and focus on the implications of the form of learning (e.g., Bayesian vs. non-Bayesian), the sources of information (e.g., observation...
Persistent link: https://www.econbiz.de/10014190896
In aggregative games, each player's payoff depends on her own actions and an aggregate of the actions of all the players (for example, sum, product or some moment of the distribution of actions). Many common games in industrial organization, political economy, public economics, and...
Persistent link: https://www.econbiz.de/10012718139
Members of different social groups often hold widely divergent public beliefs regarding the nature of the world in which they live. We develop a model that can accommodate such public disagreement, and use it to explore questions concerning the aggregation of distributed information and the...
Persistent link: https://www.econbiz.de/10012719059