The wisdom of the minority

DOI10.1016/J.JET.2009.02.001zbMath1169.91432OpenAlexW2101731367MaRDI QIDQ2271363

Johannes Hörner, Steven Callander

Publication date: 7 August 2009

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2009.02.001

zbMATH Keywords

social learningherdingminorities

Mathematics Subject Classification ID

Social networks; opinion dynamics (91D30) Models of societies, social and urban evolution (91D10) Rationality and learning in game theory (91A26)

Related Items (13)

Social learning with endogenous observation ⋮ Information design through scarcity and social learning ⋮ The optimal choice of pre-launch reviewer ⋮ Inertia in social learning from a summary statistic ⋮ Biased social learning ⋮ Social learning with coordination motives ⋮ Observational learning with position uncertainty ⋮ Interacting information cascades: on the movement of conventions between groups ⋮ Perfect information games where each player acts only once ⋮ Aggregate information cascades ⋮ Majority rule when voters like to win ⋮ Strategic experimentation in queues ⋮ Bayesian social learning with local interactions

Cites Work

• Observational learning under imperfect information
• Pathological Outcomes of Observational Learning
• Unnamed Item

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