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</script>handle: 1721.1/125593 , 1721.1/136019
We consider a large class of social learning models in which a group of agents face uncertainty regarding a state of the world, share the same utility function, observe private signals, and interact in a general dynamic setting. We introduce social learning equilibria, a static equilibrium concept that abstracts away from the details of the given extensive form, but nevertheless captures the corresponding asymptotic equilibrium behavior. We establish general conditions for agreement, herding, and information aggregation in equilibrium, highlighting a connection between agreement and information aggregation.
FOS: Economics and business, Consensus, 330, Economics - Theoretical Economics, FOS: Mathematics, Learning, Theoretical Economics (econ.TH), Mathematics - Statistics Theory, Statistics Theory (math.ST), Herding
FOS: Economics and business, Consensus, 330, Economics - Theoretical Economics, FOS: Mathematics, Learning, Theoretical Economics (econ.TH), Mathematics - Statistics Theory, Statistics Theory (math.ST), Herding
| citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 16 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
