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This paper examines social learning when only one of the two types of decisions is observable. Because agents arrive …, as in the standard model, learning is complete if and only if signals are unbounded. If signals are bounded, cascades may …
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peer splits. These results are consistent with social learning from peers' actions and outcomes. The unique features of the …
Persistent link: https://www.econbiz.de/10013066382
This study explores the consequences of conflating social learning and social influence concepts and of the widespread … use of proxy‐reported behavioral data for accurate understanding of learning from others. Our empirical analysis suggests … that proxy reporting is more accurate for new innovations, about which social learning is more plausible, than for mature …
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explosion of social media has significantly increased the scope and impact of social learning among consumers. This paper … studies observational learning in networks of friends versus strangers. A consumer decides whether to adopt a product after …-network becomes more effective. Underlying these results are two competing effects of network heterogeneity on social learning …
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concerning the role of those characteristics in determining learning, diffusion, decisions, and resulting behaviors. We also …
Persistent link: https://www.econbiz.de/10011444460