Jadbabaie, Ali; Molavi, Pooya; Tahbaz-Salehi, Alireza - 2013
determine the speed of social learning. To this end, we study a variant of the seminal model of DeGroot (1974), according to … learning has a simple analytical characterization in terms of the relative entropy of agents’ signal structures and their … non-trivial implications for the rate of learning. In particular, we show that when the informativeness of different …