Conformism and diversity under social learning

By Venkatesh Bala, Sanjeev Goyal. 2001

152 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research, Safety Research

View Paper: https://www.semanticscholar.org/paper/f42aaee6d04d99bc0a9018ca1a51a03f906fe606

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In Economics and Econometrics

In Management Science and Operations Research

In Safety Research

Citations in the corpus

Public goods in networks (2007, background): “The two key elements of our paper - the generation of new information and social networks - do not appear together in existing social learning theory.2 In our analysis, individuals must pay a cost to gain new information - that is, private signals are not free.”
Social capital and growth in European regions : An empirical test (2005, background): “…shown using a game theoretical approach, the prospects for conformism in groups depends on the nature of interaction and the degree of integration (Bala and Goyal, 2001). dSocial networks allow trust to become transitive and spread: I trust you, because I trust her and she assures me that she…”
Non-Bayesian social learning (2012, background): “Our work is also related to the social learning literature that focuses on non-Bayesian learning models, such as Ellison and Fudenberg (1993, 1995) and Bala and Goyal (1998, 2001), in which agents use simple rule-of-thumb methods to update their beliefs.”
Economics: An Emerging Small World (2004, result): “We note that we do not weight the links, that is, we do not distinguish between more or less prolific relationships.(5)”
Thought and Behavior Contagion in Capital Markets (2008, unknown): “ated with information blockages (Banerjee (1992), Bikhchandani, Hirshleifer, and Welch (1992)), and, as we will see, with fragility of decisions (Bikhchandani, Hirshleifer, and Welch (1992)). Information blockages are caused by an informational externality: an individual chooses his actions for priv”