Monzón, Ignacio - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 2, pp. 403-435
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private … signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning … unbounded strength there is learning in a strong sense: agents' actions are ex-post optimal given both the state of the world …