define asymptotic learning as the fraction of agents taking the correct action converging to one in probability as a society … grows large. Under truthful communication, we show that asymptotic learning occurs if (and under some additional conditions … receive and distribute a large amount of information. Asymptotic learning therefore requires information to be aggregated in …

voting and social learning, we illustrate that sequential elections place too much weight on the preferences and information …

voting and social learning, we illustrate that sequential elections place too much weight on the preferences and information …

There is long tradition in the economic literature that recognizes learning and the diffusion of new ideas and …