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Networks and the embedded relationships are critical determinants of how people communicate and form beliefs. The explosion of social media has significantly increased the scope and impact of social learning among consumers. This paper studies observational learning in networks of friends versus...
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"Interpersonal relationship (guanxi) is one of the major dynamics of Chinese society. Guanxi has been a pervasive part … philosophies underlying guanxi dynamics, along with guanxi's social norms that have been long embedded in the Chinese society …
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collective monitoring in a larger society changes the evolution dynamics. Clustering seems to be the network parameter that …
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