Schumacher, Heiner; Hadnes, Myriam - Verein für Socialpolitik, Ausschuss für … - 2010
events. Agents send and collect messages through a communication network. If they are convinced of a relationship between two … aggregates this communication bias over individuals. Therefore, agents may find a strong relationship between unrelated events … even if the communication bias is very small. We apply this model to an informal economy where the fear of punishment by …