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Persistent link: https://www.econbiz.de/10013206153
This paper investigates opinion dynamics and social influence in directed communication networks. We study the theoretical properties of a boundedly rational model of opinion formation in which individuals aggregate the information they receive from their neighbors by using weights that are a...
Persistent link: https://www.econbiz.de/10010510796
We study a model of social learning in networks where the dynamics of beliefs are driven by conversations of dissonance-minimizing agents. Given their current beliefs, agents make statements, tune them to the statements of their associates, and then revise their beliefs. We characterize the...
Persistent link: https://www.econbiz.de/10012669809
We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on...
Persistent link: https://www.econbiz.de/10011794457
Persistent link: https://www.econbiz.de/10011742449
We survey the literature on the economic consequences of the structure of social networks. We develop a taxonomy of "macro" and "micro" characteristics of social interaction networks and discuss both the theoretical and empirical findings concerning the role of those characteristics in...
Persistent link: https://www.econbiz.de/10011444460
Persistent link: https://www.econbiz.de/10011729923
Covariate benchmarking is an important part of sensitivity analysis about omitted variable bias and can be used to bound the strength of the unobserved confounder using information and judgments about observed covariates. It is common to carry out formal covariate benchmarking after...
Persistent link: https://www.econbiz.de/10014430784
Covariate benchmarking is an important part of sensitivity analysis about omitted variable bias and can be used to bound the strength of the unobserved confounder using information and judgments about observed covariates. It is common to carry out formal covariate benchmarking under the...
Persistent link: https://www.econbiz.de/10014292518
that ignoring inter-dependence can introduce an upward bias in the estimate of the contagion coefficient, and using Monte …This paper presents a canonical, econometric model of contagion and investigates the conditions under which contagion … can be distinguished from inter-dependence. In a two-country (market) setup it is shown that for a range of fundamentals …
Persistent link: https://www.econbiz.de/10011402451