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Interpersonal interaction in public goods contexts is very different in character to its depiction in economic theory … of the relationships between individuals than obtains in standard microeconomic theory, where they are usually depicted …
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This paper studies the behavioral foundations of non-Bayesian models of learning over social networks and develops a taxonomy of conditions for information aggregation in a general framework. As our main behavioral assumption, we postulate that agents follow social learning rules that satisfy...
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In this book, Thompson and Hickson strongly challenge the standard interpretation of the basis of growth and viability of dominant wealthy nations. Briefly, efforts of the economically wealthy and the government leaders to increase their wealth and protect it from aggressors, internal and...
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