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Anticipating future expected utility and coordination motives for information decisions in networks
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
This paper develops a model of costly information acquisition by agents who are connected through a network. For an exogenously given network, each agent decides first on information acquisition about an underlying state ...
Consensus in communication networks under Bayesian updating
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
This paper studies the evolution of beliefs of a group of Bayesian updaters
who are connected through a social network that enables them to listen to
the opinions of others. Each agent observes a sequence of private ...