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Open government and contracting across the world often invest resources to win high level political officials’ will for their cause. Still, there are a limited stories about why and how politicians buy-into this agendas and implement concrete, innovative open solutions to improve public...
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People are exposed to a constant flow of information about economic, social and political phenomena; nevertheless, misinformation is ubiquitous in the society. This paper studies the spread of misinformation in a social environment where agents receive new information each period and update their...
Persistent link: https://www.econbiz.de/10012890347
This paper studies the spread of misinformation when agents have both individual and social learning. I characterize the steady state opinion vector and I show that agents with poor individual learning and high centrality are the best channels of misinformation. I study the conditions under...
Persistent link: https://www.econbiz.de/10014102571
Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The temperature sensitivity increases with the number of agents, making the problem possibly unlearnable. Because there is in practice a finite number of possible tap positions, identical...
Persistent link: https://www.econbiz.de/10003612880
We describe a dynamic model of costly information sharing, where private information affecting collective-value actions is transmitted by social proximity. Individuals make voluntary contributions towards the provision of a pure public good, and information transmission about quality of...
Persistent link: https://www.econbiz.de/10010212674
The present article examines two important effects that have been given scant attention in prior studies of variable risk strategies. The first effect, reference group sensitivity, is the degree to which decision makers' aspirations are sensitive to their reference group. In this paper we...
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