We study learning and influence in a setting where agents communicate according to an arbitrary social network and …

connection between Menger's 19th century theory of goods and 20th century learning theories is established. The problem of how to … features. For this purpose, Carl Menger's theory of goods is taken as a starting point. Whereas economists after the … 'marginalistic revolution' were almost exclusively concerned with the determinants of exchange value and developing price theory …

broadcast or sent via shortest paths; only connection density matters. In contrast, homophily substantially slows learning based …

multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their … heterogeneous preference through learning on one layer and they play a pure coordination game on the other layer. People learn from …. We find that the presence of the social learning mechanism explains the rising and the endurance of a segregated society …

Kirzner defines the entrepreneurial function. In order to better understand his theory, we posit Kirzner's notion of an …

Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in …