Chaos in social learning with multiple true states
Chaos in social learning with multiple true states
复制标题
具有多种真实状态的社会学习中的混沌
DOI:
10.1016/j.physa.2013.07.042
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发表时间:
2013-11
期刊:
影响因子:
--
通讯作者:
Wang, Xiaofan
中科院分区:
文献类型:
--
作者:
Fang, Aili;Wang, Lin;Zhao, Jiuhua;Wang, Xiaofan
Most existing social learning models assume that there is only one underlying true state. In this work, we consider a social learning model with multiple true states, in which agents in different groups receive different signal sequences generated by their corresponding underlying true states. Each agent updates his belief by combining his rational self-adjustment based on the external signals he received and the influence of his neighbors according to their communication. We observe chaotic oscillation in the belief evolution, which implies that neither true state could be learnt correctly by calculating the largest Lyapunov exponents and Hurst exponents.
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作者:
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通讯作者:
Scaglione, Anna
DOI:
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发表时间:
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期刊:
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影响因子:
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作者:
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DOI:
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DOI:
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发表时间:
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期刊:
Penn Institute for Economic Research (PIER) Working Paper Series
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通讯作者:
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