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The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … links. This means that in the design of networks there exists a trade-off between the speed of learning and accuracy. …
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the (possibly misspecified) prior belief that her local network is the entire network. We present a tractable learning … rule to implement such locally Bayesian learning: each agent extracts new information using the full history of observed …
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