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We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
Persistent link: https://www.econbiz.de/10009703280
Most learning in the workplace occurs outside of formal learning environments—it happens informally, “in the field.” In … this review, we share what is known about how such informal field-based learning (IFBL) works, offer guidance on how to … promote healthy IFBL, and identify future research needs. We first situate IFBL within the broader stream of the learning …
Persistent link: https://www.econbiz.de/10014085735
disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …
Persistent link: https://www.econbiz.de/10014477417
I study the question of how much product information should be available to consumers. A monopolist sells one unit of product. The consumer is initially uninformed of the product value but can incur costs to observe a noisy signal of his valuation. I show that consumer surplus can be increasing...
Persistent link: https://www.econbiz.de/10012910800
In a financial market where agents trade for short-term profit and where news can increase the uncertainty of the public belief, there are strategic complementarities in the acquisition of private information and, if the cost of information is sufficiently small, a continuum of equilibrium...
Persistent link: https://www.econbiz.de/10011702278
trade, but their effectiveness crucially depends on the speed of learning. …
Persistent link: https://www.econbiz.de/10011489986
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012591877
Purpose – The purpose of this paper is to investigate how universities' learning behavior (explorative or exploitative … revealed that the universities' knowledge mobility is positively affected by both the explorative learning behavior and the … present research provides interesting implications. In fact, recognizing the importance of explorative learning mechanisms …
Persistent link: https://www.econbiz.de/10013092715
We study relational contracts in a firm-worker relationship with mutual uncertainty about match quality. The worker's actions are publicly observed and generate output, and hence information about the match quality. Despite the absence of private information, uncertainty about match quality...
Persistent link: https://www.econbiz.de/10012935641