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Network structure and social learning

Published: 06 December 2021 Publication History

Abstract

We describe results from Dasaratha and He [DH21a] and Dasaratha and He [DH20] about how network structure influences social learning outcomes. These papers share a tractable sequential model that lets us compare learning dynamics across networks. With Bayesian agents, incomplete networks can generate informational confounding that makes learning arbitrarily inefficient. With naive agents, related forces can lead to mislearning.

References

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Daron Acemoglu, Munther A Dahleh, Ilan Lobel, and Asuman Ozdaglar. Bayesian learning in social networks. Review of Economic Studies, 78(4):1201--1236, 2011.
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Abhijit V Banerjee. A simple model of herd behavior. Quarterly Journal of Economics, 107(3):797--817, 1992.
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Sushil Bikhchandani, David Hirshleifer, and Ivo Welch. A theory of fads, fashion, custom, and cultural change as informational cascades. Journal of Political Economy, 100(5):992---1026, 1992.
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Krishna Dasaratha and Kevin He. Network structure and naive sequential learning. Theoretical Economics, 15(2):415--444, 2020.
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Krishna Dasaratha and Kevin He. Aggregative efficiency of bayesian learning in networks. 2021.
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Krishna Dasaratha and Kevin He. An experiment on network density and sequential learning. Games and Economic Behavior, 128:182--192, 2021.
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Erik Eyster and Matthew Rabin. Naive herding in rich-information settings. American Economic Journal: Microeconomics, 2(4):221--243, 2010.
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Matan Harel, Elchanan Mossel, Philipp Strack, and Omer Tamuz. Rational groupthink. Quarterly Journal of Economics, 136(1):621--668, 2021.
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Cited By

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  • (2024)A systematic review of motivations, attitudes, learning outcomes, and parental involvement in social network sites in education across 15 yearsBehaviour & Information Technology10.1080/0144929X.2023.2260893(1-16)Online publication date: 5-Jan-2024
  1. Network structure and social learning

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    Published In

    cover image ACM SIGecom Exchanges
    ACM SIGecom Exchanges  Volume 19, Issue 2
    November 2021
    83 pages
    EISSN:1551-9031
    DOI:10.1145/3505156
    Issue’s Table of Contents
    Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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    Association for Computing Machinery

    New York, NY, United States

    Publication History

    Published: 06 December 2021
    Published in SIGECOM Volume 19, Issue 2

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    Author Tags

    1. bayesian learning
    2. confounding
    3. sequential social learning
    4. social networks

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    View all
    • (2024)A systematic review of motivations, attitudes, learning outcomes, and parental involvement in social network sites in education across 15 yearsBehaviour & Information Technology10.1080/0144929X.2023.2260893(1-16)Online publication date: 5-Jan-2024

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