Bayesian Social Learning with Local Interactions
نویسندگان
چکیده
منابع مشابه
Bayesian Social Learning with Local Interactions
We study social learning in a large population of agents who only observe the actions taken by their neighbours. Agents have to choose one, out of two, reversible actions, each optimal in one, out of two, unknown states of the world. Each agent chooses rationally, on the basis of private information and of the observation of his neighbours’ actions. Agents can repeatedly update their choices at...
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We study a simple dynamic model of social learning with local informational externalities. There is a large population of agents, who repeatedly have to choose one, out of two, reversible actions, each of which is optimal in one, out of two, unknown states of the world. Each agent chooses rationally, on the basis of private information (s)he receives by a symmetric binary signal on the state, a...
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ژورنال
عنوان ژورنال: Games
سال: 2010
ISSN: 2073-4336
DOI: 10.3390/g1040438