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/... |
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) |
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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 |
Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
Depositing User: | Suzanne Duffy |
Date Deposited: | 23 Jul 2008 08:50 UTC |
Last Modified: | 16 Nov 2021 09:42 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/4618 (The current URI for this page, for reference purposes) |
Cartwright, Edward: | ![]() |
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