Cartwright, Edward (2007) Social learning, search and heterogeneity of payoffs. Discussion paper. University of Kent, Canterbury (KAR id:4618)
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| Official URL: http://www.kent.ac.uk/economics/papers/papers-pdf/... |
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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: | Reports and Papers (Discussion paper) |
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| Additional information: | Discussion Paper No. 07/05 |
| Uncontrolled keywords: | Social learning, search, herding JEL Classification: C7, D8 |
| Subjects: | H Social Sciences > HB Economic Theory |
| Institutional Unit: | Schools > School of Economics and Politics and International Relations > Economics |
| Former Institutional Unit: |
Divisions > Division of Human and Social Sciences > School of Economics
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| Depositing User: | Suzanne Duffy |
| Date Deposited: | 23 Jul 2008 08:50 UTC |
| Last Modified: | 20 May 2025 12:37 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/4618 (The current URI for this page, for reference purposes) |
University of Kent Author Information
Cartwright, Edward.
| Creator's ORCID: |
 https://orcid.org/0000-0003-0194-9368
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