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We study the (perfect Bayesian) equilibrium of a model of learning over a general social network. Each individual … receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood … characterize the conditions under which there will be asymptotic learning|that is, the conditions under which, as the social …
Persistent link: https://www.econbiz.de/10013117076
We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual … receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood … characterize the conditions under which there will be asymptotic learning -- that is, the conditions under which, as the social …
Persistent link: https://www.econbiz.de/10012771797
We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual … receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood … characterize the conditions under which there will be asymptotic learning -- that is, the conditions under which, as the social …
Persistent link: https://www.econbiz.de/10012464607
Under the assumption that individuals know the conditional distributions of signals given the payoff-relevant parameters, existing results conclude that as individuals observe infinitely many signals, their beliefs about the parameters will eventually merge. We first show that these results are...
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