Strategic Observational Learning
Theoretical Economics
2023-01-09 v2
Abstract
We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning. Under a symmetric signal structure, forward-looking agents behave myopically for any degrees of patience. Myopic equilibrium is unique in the class of symmetric threshold strategies, and the simplest symmetric non-monotonic strategies. If the signal structure is asymmetric and the game is infinite, there is no equilibrium in myopic strategies, for any positive degree of patience.
Cite
@article{arxiv.2212.09889,
title = {Strategic Observational Learning},
author = {Dimitri Migrow},
journal= {arXiv preprint arXiv:2212.09889},
year = {2023}
}