Mueller-Frank, Manuel; Neri, Claudia - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 317-357
We analyze boundedly rational learning in social networks within binary action environments. We establish how learning … induces learning (i.e., convergence to the optimal action for every agent in every connected network) only in highly … asymmetric environments. In all other environments learning fails in networks with a diameter larger than four. Finally, we …