Showing 1 - 10 of 21
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...
Persistent link: https://www.econbiz.de/10012871324
We analyze boundedly rational updating in a repeated interaction network model with binary actions and binary states. Agents form beliefs according to discretized DeGroot updating and apply a decision rule that assigns a (mixed) action to each belief. We first show that under weak assumptions...
Persistent link: https://www.econbiz.de/10012850090
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...
Persistent link: https://www.econbiz.de/10013242266
Persistent link: https://www.econbiz.de/10012815414
Persistent link: https://www.econbiz.de/10014307851
Persistent link: https://www.econbiz.de/10011793375
Persistent link: https://www.econbiz.de/10012582191
Persistent link: https://www.econbiz.de/10013207434
Persistent link: https://www.econbiz.de/10011552543
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...
Persistent link: https://www.econbiz.de/10012938454