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We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on...
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We explain persistent differences in cultural traits of immigrant groups with the presence of community leaders. Leaders influence the cultural traits of their community, which have an impact on the group's earnings. They determine whether a community will be more assimilated and wealthier or...
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them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider … that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
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