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Non-monotone social learning
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dc.contributor.author | Zhang, Min | |
dc.date.accessioned | 2022-05-17T13:30:09Z | |
dc.date.available | 2022-05-17T13:30:09Z | |
dc.date.issued | 2021-05 | |
dc.identifier | 273541373 | |
dc.identifier | c491f791-528e-42df-813d-4d5c4efcf4f3 | |
dc.identifier | 85103286643 | |
dc.identifier | 000646752800004 | |
dc.identifier.citation | Zhang , M 2021 , ' Non-monotone social learning ' , Journal of Economic Behavior and Organization , vol. 185 , pp. 565-579 . https://doi.org/10.1016/j.jebo.2021.03.009 | en |
dc.identifier.issn | 0167-2681 | |
dc.identifier.other | RIS: urn:24CF997B836443CECC0D75C937A89E40 | |
dc.identifier.other | ORCID: /0000-0002-0704-2516/work/91686007 | |
dc.identifier.uri | https://hdl.handle.net/10023/25392 | |
dc.description.abstract | We revisit the canonical binary-state model of social learning to investigate the possibility of non-monotone learning: ceteris paribus, with some predecessor(s) switching to actions that reveal greater confidence in one state of the world, agents nevertheless become more confident in the other. A necessary and sufficient condition for non-monotone learning is provided in an illustrative setting where agents are either uninformed or partially informed by binary private signals. In a general setting with continuous private signals, we obtain a sufficient condition for non-monotone learning that does not rely on the shape of the underlying information structures apart from a couple of simple boundary requirements. As a result, a social learning process that completes eventually can be well approximated in a way such that non-monotone learning and anti-imitation are bound to happen. | |
dc.format.extent | 15 | |
dc.format.extent | 290142 | |
dc.language.iso | eng | |
dc.relation.ispartof | Journal of Economic Behavior and Organization | en |
dc.subject | Anti-Imitation | en |
dc.subject | Information structure | en |
dc.subject | Social learning | en |
dc.subject | T-NDAS | en |
dc.subject | AC | en |
dc.title | Non-monotone social learning | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.doi | 10.1016/j.jebo.2021.03.009 | |
dc.description.status | Peer reviewed | en |
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