Showing 71 - 80 of 692,546
Crowd-sourced recommender platforms organize social learning about products by recommending items based on information … on 1) the substitutability between platforms 2) consumer knowledge about their place in time 3) initial information held … study how market structure affects experimentation, social learning, and welfare. I present a model of competing platforms …
Persistent link: https://www.econbiz.de/10012963639
learning, choosing among a set of alternative forecasting models. The analysis is accompanied by empirical evidence on the …
Persistent link: https://www.econbiz.de/10012963942
Observational learning is typically examined when agents have precise information about their position in the sequence … individuals and receive a private signal about the state of the world. We show that social learning is robust to position … uncertainty. Under any sampling rule satisfying a stationarity assumption, learning is complete if signal strength is unbounded …
Persistent link: https://www.econbiz.de/10013000538
We study social learning in a social network setting where agents receive independent noisy signals about the truth …
Persistent link: https://www.econbiz.de/10012926326
agent they consider is characterized by an imperfect learning model. An interesting question that emerges is if, and to what …
Persistent link: https://www.econbiz.de/10013161531
This paper designs and implements a field experiment that provides students from less advantaged backgrounds with individualized feedback on academic performance during the transition from middle to high school. The intervention reduces the gap between expected and actual performance, as well as...
Persistent link: https://www.econbiz.de/10012958079
We study market dynamics when an owner learns over time about the quality of her asset. Since this information is … private, the owner sells strategically to a less informed buyer following sufficient negative information. In response, market … information, buyers suffer greater adverse selection, and prices fall accordingly. Eventually, the probability of a strategic sale …
Persistent link: https://www.econbiz.de/10012903225
Motivated by the proliferation of user-generated product-review information and its widespreaduse, this note studies a … product quality. We show that the learning process is successful as long as the price is not prohibitive and therefore at … pricing policy exists. If putting one item on the market involves a constant cost, then under this optimal policy, learning …
Persistent link: https://www.econbiz.de/10012905286
Retailers may face uncertainty about the profitability of local markets, which provide opportunities for learning when … retail entry with uncertainty and learning (from others). Using novel data about fast food chains, I estimate the model with … firm beliefs about market profitability. The estimates confirm the presence of uncertainty and learning. Most importantly …
Persistent link: https://www.econbiz.de/10012905791
We study observational learning among agents with coordination motives. On a discrete time line, communities of agents … receive private information about an uncertain state, observe some predecessors' actions, and then take their own action. An … that correlation between observations is the key determinant of the equilibrium pattern of information aggregation. When …
Persistent link: https://www.econbiz.de/10012894476