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We provide an overview of recent research on belief and opinion dynamics in social networks. We discuss both Bayesian … and non-Bayesian models of social learning and focus on the implications of the form of learning (e.g., Bayesian vs. non … individuals are situated on three key questions: (1) whether social learning will lead to consensus, i.e., to agreement among …
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We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …
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