Cartwright, E.J. (2007) Social learning, search and heterogeneity of payoffs. Discussion paper. University of Kent, Canterbury
|
Download (327Kb)
|
![[img]](http://kar.kent.ac.uk/style/images/fileicons/application_pdf.png) |
| Official URL http://www.kent.ac.uk/economics/papers/papers-pdf/... |
|
Abstract
We consider a simple model that combines elements of search and social learning. Acting in sequence, and observing the action adopted by a previous agent, agents must search for an action. We explore why agent heterogeneity may increase expected payoffs and demonstrate that social learning may be most effective if agents are heterogenous.
| Item Type: | Monograph (Discussion paper) |
|---|---|
| Additional information: | Discussion Paper No. 07/05 |
| Uncontrolled keywords: | Social learning, search, herding JEL Classification: C7, D8 |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculties > Social Sciences > School of Economics |
| Depositing User: | Suzanne Duffy |
| Date Deposited: | 23 Jul 2008 08:50 |
| Last Modified: | 05 Sep 2011 23:38 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/4618 (The current URI for this page, for reference purposes) |
- Depositors only (login required):
