Abstract
The influence vanishing property in social networks states that the influence of the most influential agent vanishes as society grows. Removing this assumption causes a failure of learning of boundedly rational dynamics. We suggest a boundedly rational methodology that leads to learning in almost all networks. The methodology adjusts the agent's weights based on the Sinkhorn-Knopp matrix scaling algorithm. It is a simple, local, Markovian, and time-independent methodology that can be applied to multiple settings.
Original language | English |
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Pages (from-to) | 720-727 |
Number of pages | 8 |
Journal | Operations Research Letters |
Volume | 49 |
Issue number | 5 |
DOIs | |
State | Published - Sep 2021 |
Keywords
- Information aggregation
- Learning in networks
- Non-Bayesian learning
- Social networks
All Science Journal Classification (ASJC) codes
- Software
- Management Science and Operations Research
- Industrial and Manufacturing Engineering
- Applied Mathematics