Year: 2022
Type: preprint
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.
Author: Migrow, Dimitri
Language: English
Topic: Game Theory and Applications
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4312089962