Strategic Learning and the Topology of Social Networks

S-Tier
Journal: Econometrica
Year: 2015
Volume: 83
Issue: 5
Pages: 1755-1794

Authors (3)

Elchanan Mossel (not in RePEc) Allan Sly (not in RePEc) Omer Tamuz (California Institute of Techno...)

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

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

Abstract

We consider a group of strategic agents who must each repeatedly take one of two possible actions. They learn which of the two actions is preferable from initial private signals and by observing the actions of their neighbors in a social network. We show that the question of whether or not the agents learn efficiently depends on the topology of the social network. In particular, we identify a geometric “egalitarianism” condition on the social network that guarantees learning in infinite networks, or learning with high probability in large finite networks, in any equilibrium. We also give examples of nonegalitarian networks with equilibria in which learning fails.

Technical Details

RePEc Handle
repec:wly:emetrp:v:83:y:2015:i:5:p:1755-1794
Journal Field
General
Author Count
3
Added to Database
2026-01-29