Showing 1 - 10 of 29,589
taking an (irreversible) action. We define \textit{asymptotic learning} as the fraction of agents taking the correct action … converging to one as a society grows large. Under truthful communication, we show that asymptotic learning occurs if (and under … ``information hubs'', which receive and distribute a large amount of information. Asymptotic learning therefore requires information …
Persistent link: https://www.econbiz.de/10011599505
We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately informed agents have different preferences about the action to be implemented by each agent and repeatedly communicate with their neighbors in the network. We first characterize...
Persistent link: https://www.econbiz.de/10012215318
We analyze boundedly rational learning in social networks within binary action environments. We establish how learning … induces learning (i.e., convergence to the optimal action for every agent in every connected network) only in highly … asymmetric environments. In all other environments learning fails in networks with a diameter larger than four. Finally, we …
Persistent link: https://www.econbiz.de/10012415665
We study perfect Bayesian equilibria of a sequential social learning model in which agents in a network learn about an … neighbors are mutually independent. We introduce a new metric of information diffusion in social learning, which is weaker than …
Persistent link: https://www.econbiz.de/10011673206
taking an (irreversible) action. We define \textit{asymptotic learning} as the fraction of agents taking the correct action … converging to one as a society grows large. Under truthful communication, we show that asymptotic learning occurs if (and under … ``information hubs'', which receive and distribute a large amount of information. Asymptotic learning therefore requires information …
Persistent link: https://www.econbiz.de/10011684965
We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately informed agents have different preferences about the action to be implemented by each agent and repeatedly communicate with their neighbors in the network. We first characterize...
Persistent link: https://www.econbiz.de/10012020319
This paper investigates opinion dynamics and social influence in directed communication networks. We study the theoretical properties of a boundedly rational model of opinion formation in which individuals aggregate the information they receive from their neighbors by using weights that are a...
Persistent link: https://www.econbiz.de/10011335941
We study learning and influence in a setting where agents communicate according to an arbitrary social network and …
Persistent link: https://www.econbiz.de/10010312406
This paper investigates opinion dynamics and social influence in directed communication networks. We study the theoretical properties of a boundedly rational model of opinion formation in which individuals aggregate the information they receive from their neighbors by using weights that are a...
Persistent link: https://www.econbiz.de/10010510796
We study learning and influence in a setting where agents communicate according to an arbitrary social network and …
Persistent link: https://www.econbiz.de/10005423267