The value of noise for informational cascades

IEEE International Symposium on Information Theory - Proceedings

Volumn , Issue , 2014, Pages 1101-1105

  Le, Tho Ngoc ^a   Subramanian, Vijay G ^a   Berry, Randall A ^a  

^a NORTHWESTERN UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

INFORMATION THEORY;

BAYESIAN AGENTS; BINARY SYMMETRIC CHANNEL; ERROR LEVELS; ERROR PROBABILITIES; MARKOV CHAIN MODELS; PRIVATE INFORMATION; RATIONAL AGENTS; SIGNAL QUALITY;

ERRORS;

EID: 84906569582     PISSN: 21578095     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/ISIT.2014.6875003     Document Type: Conference Paper

References (6)

1. W. Feller, An introduction to Probability Theory and Its Applications, Vol. I, 3rd ed., New York Wiley, 1968.
2. S. Bikhchandani, D. Hirshleifer, and I. Welch. A Theory of Fads, Fashion, Custom and Cultural Change as Informational Cascades, J. Polit. Econ., vol. 100, No. 5, pp. 992-1026, 1992.
3. A. Banerjee, A Simple Model of Herd Behavior, The Quarterly JOurnal of Economics, vol. 107, pp. 797-817, 1992.
4. L. Smith, P. Sorensen, Pathological Outcomes of Observational Learning, Econometrica, vol. 68, pp. 371-398, 2000.
5. D. Sgroi, Optimizing Information in the Herd: Guinea Pigs, Profits, and Welfare, Games and Economic Behaviour, vol. 39, pp. 137-166, 2002.
6. D. Acemoglu, M. Dahleh, I. Lobel, and A. Ozdaglar, Bayesian learning in social networks, Review of Economic Studies, vol. 78, pp. 1201-1236, 2011.