We analyse belief formation in social networks in a laboratory experiment. Our 3 x 3 design varies the network structure and the amount of information agents have about it. Agents observe an imperfect private signal on the true state of the world and then repeatedly guess the true state,...

We examine contributions that noise can make to the objective of detecting signal in agent expectations for price in financial markets. Although contrary to most assumptions on exogenous noise in financial markets as increasing both risk and uncertainty in the detection of signal, a basis for...

Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...