-Bayesian), the sources of information (e.g., observation vs. communication), and the structure of social networks in which … individuals starting with different views; (2) whether social learning will effectively aggregate dispersed information and thus …

We develop a model of information exchange through communication and investigate its implications for information … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …, also only if) in the induced communication network most agents are a short distance away from “information hubs,” which …