کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
956794 1478749 2014 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Observational learning with position uncertainty
ترجمه فارسی عنوان
یادگیری دیداری با عدم قطعیت موقعیت؟
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Observational learning is typically examined when agents have precise information about their position in the sequence of play. We present a model in which agents are uncertain about their positions. Agents sample the decisions of past individuals and receive a private signal about the state of the world. We show that social learning is robust to position uncertainty. Under any sampling rule satisfying a stationarity assumption, learning is complete if signal strength is unbounded. In cases with bounded signal strength, we provide a lower bound on information aggregation: individuals do at least as well as an agent with the strongest signal realizations would do in isolation. Finally, we show in a simple environment that position uncertainty slows down learning but not to a great extent.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 154, November 2014, Pages 375–402
نویسندگان
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