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Discovery and social learning in non-priced environments : an Austrian view of social network theory

Chamlee-Wright, Emily; Myers, Justus A. - In: The review of Austrian economics 21 (2008) 2/3, pp. 151-166

Persistent link: https://www.econbiz.de/10003709702

Cetemen, Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 1023-1058

We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...

Persistent link: https://www.econbiz.de/10012308721

Investigating peer and sorting effects within an adaptive multiplex network model

Lipari, Francesca; Stella, Massimo; Antonioni, Alberto - In: Games 10 (2019) 2/16, pp. 1-12

Individuals have a strong tendency to coordinate with all their neighbors on social and economics networks. Coordination is often influenced by intrinsic preferences among the available options, which drive people to associate with similar peers, i.e., homophily. Many studies reported that...

Persistent link: https://www.econbiz.de/10012062102

Information diffusion in networks through social learning

Lobel, Ilan; Sadler, Evan - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 3, pp. 807-851

We study perfect Bayesian equilibria of a sequential social learning model in which agents in a network learn about an underlying state by observing neighbors' choices. In contrast with prior work, we do not assume that the agents' sets of neighbors are mutually independent. We introduce a new...

Persistent link: https://www.econbiz.de/10011673206

A general analysis of boundedly rational learning in social networks

Mueller-Frank, Manuel; Neri, Claudia - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 317-357

We analyze boundedly rational learning in social networks within binary action environments. We establish how learning outcomes depend on the environment (i.e., informational structure, utility function), the axioms imposed on the updating behavior, and the network structure. In particular, we...

Persistent link: https://www.econbiz.de/10012415665

Dynamics of information exchange in endogenous social networks

Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman E. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 1, pp. 41-97

We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An \textit{underlying state} determines payoffs from different actions. Agents decide which others to form a costly \textit{communication link} with,...

Persistent link: https://www.econbiz.de/10011684965

Naive learning and cooperation in network experiments

Kirchkamp, Oliver; Nagel, Rosemarie - In: Games and economic behavior 58 (2007) 2, pp. 269-292

Persistent link: https://www.econbiz.de/10003414697

Economic history and Austrian theory

Tynan, Nicola - In: Essays in economic & business history : the journal of … 42 (2024) 2, pp. 22-38

Economic history has become an increasingly broad discipline, after a temporary narrowing following the cliometric revolution of the mid-twentieth century. Increasingly sophisticated econometric techniques are used to capture the institutional detail involved in the dynamics of historical...

Persistent link: https://www.econbiz.de/10015051907

Social learning strategies and cooperative behaviour : evidence of payoff bias, but not prestige or conformity, in a social dilemma game

Watson, Robin; Morgan, Thomas J. H.; Kendal, Rachel L.; … - In: Games 12 (2021) 4, pp. 1-26

Human cooperation, occurring without reciprocation and between unrelated individuals in large populations, represents … evidence for lower cooperation (i) when exposed to social information about peer cooperation levels than without such … observed cooperation was more likely to be caused by participants' general propensity to cooperate than by the effect of social …

Persistent link: https://www.econbiz.de/10012698108

Learning dynamics and norm psychology supports human cooperation in a large-scale prisoner’s dilemma on networks

Realpe-Gómez, John; Vilone, Daniele; Andrighetto, Giulia; … - In: Games 9 (2018) 4/90, pp. 1-14

In this work, we explore the role of learning dynamics and social norms in human cooperation on networks. We study the …-positioned at each game iteration. Our results show that the network structure does not affect the dynamics of cooperation, which …

Persistent link: https://www.econbiz.de/10012014880