Learning from others: A welfare analysis

DOI10.1006/GAME.1997.0562MaRDI QIDQ1369073zbMATH OpenOpenAlexWikidataFDO

Authors Xavier Vives

Publication date 7 October 1997

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/2557d27a33a2fbfe8945290806dd22a8fd7fc70e

zbMATH Keywords

optimal learningslow learninginfinite horizon team problem

Mathematics Subject Classification ID

Economic growth models (91B62) Memory and learning in psychology (91E40)

Recommendations

• scientific article; zbMATH DE number 756020
• On the efficiency of social learning
• Social learning equilibria
• Learning by doing vs. learning from others in a principal-agent model
• Payoff externalities and social learning
• Learning from Neighbours

Cites work

• scientific article; zbMATH DE number 4025105 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• A Bayesian Approach to the Production of Information and Learning by Doing
• Agreeing to disagree
• An Example of Convergence to Rational Expectations with Heterogeneous Beliefs
• An expository note on individual risk without aggregate uncertainty
• Common Knowledge of an Aggregate of Expectations
• Common Knowledge, Consensus, and Aggregate Information
• Continuous Auctions and Insider Trading
• Controlling a Stochastic Process with Unknown Parameters
• Convergence to Rational Expectations in a Stationary Linear Game
• How Fast do Rational Agents Learn?
• Information Revelation and Strategic Delay in a Model of Investment
• Learning and Capacity Expansion under Demand Uncertainty
• Market Anticipations, Rational Expectations, and Bayesian Analysis
• On the aggregation of information in competitive markets
• On the convergence of Bayesian posterior processes in linear economic models. Counting equations and unknowns
• On the convergence of informational cascades
• Optimal Learning by Experimentation
• Pathological Outcomes of Observational Learning
• Smoothness of the Policy Function in Discrete Time Economic Models
• Team Decision Problems
• The exponential convergence of Bayesian learning in normal form games
• We can't disagree forever
• Word-of-mouth learning.

Cited in

(22)

• Solving DSGE portfolio choice models with dispersed private information
• Imitation and experimentation in changing contests
• Altruistic observational learning
• Opinion dynamics and learning in social networks
• Hope springs eternal: Learning and the stability of cooperation in short horizon repeated games.
• Informational herding with model misspecification
• Social learning in recurring games
• Herding with costly information
• Informational herding, optimal experimentation, and contrarianism
• Word-of-mouth learning.
• Learning dynamics with private and public signals
• Social learning and costly information acquisition
• Learning in crowded markets
• Information acquisition and learning from prices over the business cycle
• Financial crises as herds: overturning the critiques
• The welfare costs of informationally efficient prices
• Learning from private and public observations of others' actions
• Herding through booms and busts
• Inertia in social learning from a summary statistic
• An informational rationale for action over disclosure
• Leading, learning and herding
• Information, coordination, and market frictions: an introduction

This page was built for publication: Learning from others: A welfare analysis

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1369073)