Li, Wei; Xu Tan - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 239-278
Agents in a network want to learn the true state of the world from their own signals and their neighbors' reports … the (possibly misspecified) prior belief that her local network is the entire network. We present a tractable learning … reports in her local network. Despite their limited network knowledge, agents learn correctly when the network is a social …