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BAYESIAN OBSERVATIONAL LEARNING: WHEN MORE INFORMATION CAN FAIL

Description:

Agents of online platforms often have to make purchase decisions in the face the uncertainty of the true value of an item. Observing the other agents’ actions and/or reviews is one common method to learn about an item. However such observational learning can lead to an information cascade, in which...

Keyword:

Information cascades, Bayesian Learning, Data Science, Game Theory, Social Networks, and Markov chain

Subject:

Electrical Engineering

Creator:

Tho Ngoc Le

Owner:

Scholarly Digital Publishing

Date Uploaded:

02/11/2019

Date Modified:

02/11/2019

Date Created:

2017-01-01

Resource Type:

Dissertation