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Ulric B. and Evelyn L. Bray Social Sciences Seminar

Wednesday, May 9, 2018
4:00pm to 5:00pm
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Baxter B125
Social Learning Equilibria
Omer Tamuz, Assistant Professor of Economics and Mathematics, Division of the Humanities and Social Sciences, Caltech,

We consider social learning settings in which a group of agents face uncertainty regarding a state of the world, observe private signals, share the same utility function, and act in a general dynamic setting. We introduce Social Learning Equilibria, a static equilibrium concept that abstracts away from the details of the given dynamics, but nevertheless captures the corresponding asymptotic equilibrium behavior. We establish strong equilibrium properties on agreement, herding, and information aggregation.

Joint with Elchanan Mossel, Manuel Mueller-Frank and Allan Sly.

For more information, please contact Sheryl Cobb by phone at 626-395-4220 or by email at [email protected].