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dissent does so even more; (3) When leaders of democratic nations seek to forge an economic consensus, they are unwittingly …
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In this paper we axiomatically characterize two recursive procedures for defining a social group. The first procedure starts with the set of all individuals who are defined by everyone in the society as group members, while the starting point of the second procedure is the set of all individuals...
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overstate their opinion. We model opinion formation as a dynamic process and identify conditions for convergence to consensus …. Studying the consensus in detail, we show that an agent's social in uence on the consensus opinion is increasing in network … consensus as an estimator for the true state of the world. We show that a society is \wise, i.e. the mean squared error is …
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