Giving and receiving advice

J Sobel - Advances in economics and econometrics, 2013 - books.google.com
Models of signaling, adverse selection, and moral hazard make it clear that differences in
information can lead to inefficiency. Workers may invest in nonproductive education to …

Organizational economics with cognitive costs

L Garicano, A Prat - Advances in Economics and Econometrics, 2013 - books.google.com
Organizations are formed by agents working together for a common purpose. Two sets of
obstacles may prevent organizations from reaching their goals. First, incentive problems …

Reaching consensus in social networks

M Mueller-Frank - 2015 - papers.ssrn.com
This paper considers network based non-Bayesian opinion formation on a linearly ordered
set of opinions. The general class of constricting and continuous Markov revision functions …

Learning in hidden Markov models with bounded memory

D Monte, M Said - 2010 - mpra.ub.uni-muenchen.de
This paper explores the role of memory in decision making in dynamic environments. We
examine the inference problem faced by an agent with bounded memory who receives a …