Aggregative Efficiency of Bayesian Learning in Networks
نویسندگان
چکیده
When individuals in a social network learn about an unknown state from private signals and neighbors' actions, the structure often causes information loss. We consider rational agents Gaussian canonical sequential social-learning problem ask how changes efficiency of signal aggregation. Rational actions our model are log-linear function observations admit signal-counting interpretation accuracy. This generates fine-grained ranking networks based on their aggregative index. Networks where observe multiple neighbors but not common predecessors confound information, we show confounding can make learning very inefficient. In class move generations previous generation, is simple parameters: increasing decreasing confounding. Generations after first contribute little additional due to confounding, even when arbitrarily large.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3914873