Pathological Outcomes of Observational Learning
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Publication:4530968
DOI10.1111/1468-0262.00113zbMATH Open1023.91510OpenAlexW2145976030MaRDI QIDQ4530968FDOQ4530968
Authors: Lones Smith, Peter Norman Sørensen 
Publication date: 28 May 2002
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/1721.1/64049
Recommendations
Models of societies, social and urban evolution (91D10) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)
Cited In (81)
- Biased social learning
- The wisdom of the minority
- Learning to coordinate in social networks
- Iterative maximum likelihood on networks
- Learning about analysts
- Networks of biosensors: decentralized activation and social learning
- Imitation and experimentation in changing contests
- Opinion dynamics and learning in social networks
- Non-Bayesian social learning
- The probability of pluralistic ignorance
- What do leaders know?
- Informational herding with model misspecification
- Spread of (mis)information in social networks
- Herding with costly information
- Imitation in heterogeneous populations
- Fragility of information cascades: an experimental study using elicited beliefs
- Learning from others: A welfare analysis
- Bayesian learning in social networks.
- Word-of-mouth learning.
- The optimal choice of pre-launch reviewer
- Opinion dynamics and wisdom under conformity
- Financial crises as herds: overturning the critiques
- Sequential decisions with tests
- Monopoly pricing in the binary herding model
- Professional advice
- Does one Bayesian make a difference?
- Observational learning with position uncertainty
- The implications of pricing on social learning
- Social learning with endogenous observation
- The welfare costs of informationally efficient prices
- On the role of responsiveness in rational herds
- Disagreement leads to complete learning: sequential choice with continuous types
- Aggregate information cascades
- Strategic experimentation in queues
- Inertia in social learning from a summary statistic
- Chaos in social learning with multiple true states
- Social learning in networks: a quantal response equilibrium analysis of experimental data
- Congested observational learning
- Learning in society
- Social learning with time-varying weights
- The speed of sequential asymptotic learning
- Information aggregation in financial markets with career concerns
- Payoff externalities and social learning
- Coordination and social learning
- Dynamics of information exchange in endogenous social networks
- Herding and the winner's curse in markets with sequential bids
- Economists' models of learning
- Informational cascades with endogenous prices: the role of risk aversion
- Observational learning under imperfect information
- Interacting information cascades: on the movement of conventions between groups
- Herding with collective preferences
- Preferences, homophily, and social learning
- On information distortions in online ratings
- Opinion dynamics with Bayesian learning
- Social learning with coordination motives
- When is intergroup herding beneficial?
- Repeated coordination with private learning
- Bayesian social learning from consumer reviews
- Information aggregation in large collective purchases
- How fragile are information cascades?
- A framework for studying decentralized Bayesian learning with strategic agents
- Observational learning in large anonymous games
- Opinion dynamics in communities with major influencers and implicit social influence via mean-field approximation
- Social learning with multiple true states
- Multi-issue social learning
- A hierarchical decision-making framework in social networks for efficient disaster management
- Bayesian decision making in groups is hard
- Two-dimensional information acquisition in social learning
- Social learning in networks with time-varying topologies
- Truth and conformity on networks
- Sequential choice and non-Bayesian observational learning
- Identifiable information structures
- Information design through scarcity and social learning
- Dynamic coordination with payoff and informational externalities
- Verifiable communication on networks
- Corrigendum to: ``Social learning in nonatomic routing games
- Asymptotic learning on Bayesian social networks
- A general analysis of sequential social learning
- Innovation adoption by forward-looking social learners
- Social learning in nonatomic routing games
- Learning from reviews: the selection effect and the speed of learning
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