We analyze boundedly rational updating from aggregate statistics in a modelwith binary actions and binary states. Agents each take an irreversible action in sequence after observing the unordered set of previous actions. Each agent first forms her prior based on the aggregate statistic, then...

This paper provides a model of social learning where the order in which actions are taken is determined by an $m$-dimensional integer lattice rather than along a line as in the herding model. The observation structure is determined by a random network. Every agent links to each of his preceding...

This paper provides a model of social learning where the order in which actions are taken is determined by an m-dimensional integer lattice rather than along a line as in the herding model. The observation structure is determined by a random network. Every agent links to each of his preceding...

We study a canonical setting of learning in networks where initially agents receive conditionally i.i.d. signals about a binary state. The distribution according to which signals are drawn is called an information structure. Agents repeatedly communicate beliefs with their neighbors and update...