Showing 1 - 10 of 1,297
This paper introduces a new mechanism through which positive externality spills over in a network. We find that the introduction of the new spillover mechanism plays a major role in reducing the set of Nash equilibrium though at the same time it increases the set of stable equilibria in a...
Persistent link: https://www.econbiz.de/10013323903
Persistent link: https://www.econbiz.de/10013022877
This paper investigates the effects of neighborhood size and network structure on strategic experimentation. We analyze a multi-arm bandit game with one safe and two risky alternatives. In this setting, risk taking produces a learning externality and an opportunity for free riding. We conduct a...
Persistent link: https://www.econbiz.de/10003944146
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different...
Persistent link: https://www.econbiz.de/10008841787
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different...
Persistent link: https://www.econbiz.de/10009315048
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008). Every participant played against four neighbors and could choose a different strategy against each of them. The games were played in two...
Persistent link: https://www.econbiz.de/10013098736
This paper develops a framework for the analysis of information acquisition and exchange in social networks. In the static model, there is a symmetric Bayes-Nash Equilibrium where all players use a simple cut-off strategy involving the threshold degree. The inefficiency of information...
Persistent link: https://www.econbiz.de/10013106967
This paper analyses a simultaneous game of network formation and information acquisition where the benefit structure is such that the benefit that an agent derives from the network she is located in depends on the maximum information that someone in her neighbourhood, including herself,...
Persistent link: https://www.econbiz.de/10012963047
We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on...
Persistent link: https://www.econbiz.de/10012952028
We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on...
Persistent link: https://www.econbiz.de/10012924442