Abstract / Description of output
We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning. Under a symmetric signal structure, forward-looking agents behave myopically for any degrees of patience. Myopic equilibrium is unique in the class of symmetric threshold strategies, and the simplest symmetric non-monotonic strategies. If the signal structure is asymmetric and the game is infinite, there is no equilibrium in myopic strategies, for any positive degree of patience.
| Original language | English |
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| Publisher | Social Science Research Network (SSRN) |
| DOIs | |
| Publication status | E-pub ahead of print - 9 Jan 2023 |
Keywords / Materials (for Non-textual outputs)
- learning
- agreement
- information aggregation