Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman E. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 1, pp. 41-97
associated social cliques (consisting of groups of individuals linked to each other at zero cost, such as friendship networks …) ensure the emergence of communication networks that lead to asymptotic learning. Our result shows that societies with too …