SOCIAL LEARNING (Ec 717B)

 

Slides 1 (Cascades)

Slides 2

Slides 3 (11/4)

NOTES
  • Chapters 1-6: Bayesian learning, Vives model, cascades, herds, delay (11/18/24, to be edited)
EXERCISES
  • Problem 1: exercises 1-3 at the end of Chapter 2 (posted above). Due 11/5, 5pm.
  • Problem 2: exercises in the chapters 3 and 4 (see above)
    • Exercise 3.2, questions 1 and 2, question 3 where the cost is a linear function of the precisioin and c(0)=0;
    • Exercise 4.6. 
  • Problem 3 (fragility of social learning)
Additional exercises (not requested)
  • Problem A-
    • Nyarko, Y (1991). " Learning in Mis-specified Models and the Possibility of Cycles," Journal of Economic Theory, 55, 416-427.
  • Problem A-