Information acquisition and use by networked players

A-Tier
Journal: Journal of Economic Theory
Year: 2019
Volume: 182
Issue: C
Pages: 360-401

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In an asymmetric coordination (or anti-coordination) game, players acquire and use signals about a payoff-relevant fundamental from multiple costly information sources. Some sources have greater clarity than others, and generate signals that are more correlated and so more public. Players wish to take actions close to the fundamental but also close to (or far away from) others' actions. This paper studies how asymmetries in players' coordination motives, represented as the weights that link players to neighbors on a network, affect how they use and acquire information. Relatively centrally located players (in the sense of Bonacich, when applied to the dependence of players' payoffs upon the actions of others) acquire fewer signals from relatively clear information sources; they acquire less information in total; and they place more emphasis on relatively public signals.

Technical Details

RePEc Handle
repec:eee:jetheo:v:182:y:2019:i:c:p:360-401
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26