Lobel, Ilan; Sadler, Evan - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 3, pp. 807-851
neighbors are mutually independent. We introduce a new metric of information diffusion in social learning, which is weaker than …We study perfect Bayesian equilibria of a sequential social learning model in which agents in a network learn about an … independent, information always diffuses. Diffusion can fail in a well-connected network if neighborhoods are correlated. We show …