Informational Asymmetries and Observational Learning in Search
نویسندگان
چکیده
منابع مشابه
Informational Asymmetries and Observational Learning in Search
As economics modeling moves from super rational decision makers to considering boundedly rational agents, some economic problems deserve a second look. This paper studies the effects of learning on the efficiency of search. Once learning is taken into account, the structure of information flow becomes important. In particular, I highlight the truncated information structure in the search proble...
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In many differentiated good markets like music, books, and movies, the choice set of available products is overwhelmingly large, with many new products flowing into the market each week. Consumers are not aware of or are poorly informed about many of the available products. They learn about products and their preferences for them from the search and purchasing decisions of other consumers and t...
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ژورنال
عنوان ژورنال: Journal of Risk and Uncertainty
سال: 2005
ISSN: 0895-5646,1573-0476
DOI: 10.1007/s11166-005-6563-7