Informational externalities and emergence of consensus

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 66
Issue: 2
Pages: 979-994

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

We study a general model of dynamic games with purely informational externalities. We prove that eventually all motives for experimentation disappear, and provide the exact rate at which experimentation decays. We also provide tight conditions under which players eventually reach a consensus. These results imply extensions of many known results in the literature of social learning and getting to agreement.

Technical Details

RePEc Handle
repec:eee:gamebe:v:66:y:2009:i:2:p:979-994
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29