Multi-issue social learning

Research output: Contribution to journalArticlepeer-review

Abstract

We consider social learning where agents can only observe part of the population (modeled as neighbors on an undirected graph), face many decision problems, and arrival order of the agents is unknown. The central question we pose is whether there is a natural observability graph that prevents the information cascade phenomenon. We introduce the ‘celebrities graph’ and prove that indeed it allows for proper information aggregation in large populations even when the order at which agents decide is random and even when different issues are decided in different orders.

Original languageEnglish
Pages (from-to)29-39
Number of pages11
JournalMathematical Social Sciences
Volume104
DOIs
StatePublished - Mar 2020

Keywords

  • Information cascades
  • Networks
  • Social learning

All Science Journal Classification (ASJC) codes

  • Sociology and Political Science
  • Social Sciences(all)
  • Psychology(all)
  • Statistics, Probability and Uncertainty

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