[PDF] Top 20 Three Essays on Social Learning

... When learning about product quality from personal experience is slow, customers may rely on peers as a source of information not only for trial but also repeat decisions ... See full document

... of social ties in bringing together supply and demand has also been documented in markets other than the labour ...of social ties among producers and traders in the New York garment ...industry. ... See full document

... strong male wage growth in the post-WWII years has prolonged the patriarchal family model that persisted earlier in the 20th century. Only this rapid wage male growth made a male-breadwinner model economically ... See full document

... organizational history tends to legitimize pushing agency over pulling agency in favor of status quo, resulting in structural inertia because longstanding organizational identity is deeply rooted in organizational ... See full document

... of learning other players’ behavior at each decision node, players bundle their decision nodes into analogy classes and best respond to the others’ average behavior within each ... See full document

... formal learning arrangements, the divestiture experience of the bankers and buyers do create a potential platform for external experience transfer to the firm, wherein the firm may be able to learn to divest ... See full document

... may lead to large capital adjustment costs. For example, Hornstein & Krusell (1996) and Greenwood & Yorukoglu (1997) suggest that technological improvement can cause productivity slowdown as the adoption of new ... See full document

... the social network on the floor; this particular protest and closure of the factory came at a point when we had completed surveys of the supervisors only, and were about to start the operator ...pre-firing ... See full document

... Further research shows that order flow plays an intermediary role between exchange rates and macroeconomic fundamentals (Rime, Sarno and Sojli, 2010). Order flow does not only contain private information, but it is also ... See full document

... As agents are learning from prices, the model also has a potential to explain the documented positive relationship between housing price and rent volatility. Sinai and Souleles (2005) first show this pattern using ... See full document

... take advantage of you. Do you agree or disagree with that?”, and “human nature is fundamentally cooperative. Do you agree or disagree with that?” Almond and Verba (1963) documented relatively high levels of trust in the ... See full document

... an undeniably worthy cause. Most real world donative CSR programs would not fulfil it; certainly not giving away shoes, as Toms famously does. Non-donative forms of CSR are even more hopeless when compared to this ... See full document

... from what might be expected based on the canonical example, and more fundamentally, the posterior beliefs of uninformed agents are clearly not monotone with respect to the summary statistic they observe. Here we show ... See full document

... Bayesian social learning in Chapter ...possible social networks and each is informed of the identities of her ...realized social network is strongly connected—that is, if there exists a ... See full document

... of social interactions, alcohol consumption, a 'social lubricant', is positively perceived by professional and sales workers as a way to show solidarity with one’s business network and to ease the stress ... See full document

... disproportionately focuses on socioeconomic status as an important factor in understanding family formation, labor market outcomes and health disparities, there is little attention to health as an important human capital ... See full document

... The modifications can be shown to have three consequences. First, assuming that consumers cannot put their endowments into more than one bank, the amount of liquidity in the economy is determined by the fraction ... See full document

... manager change is measured in three methods: the benchmark-adjusted model, mean- adjusted model and the information ratio. For the benchmark-adjusted model we use (1) benchmark index defined by the investment ... See full document

... Manipulating attention in this way had three advantages. First and foremost, this manipulation allowed attention to operate in different ways at the participants’ own will. This was a stark contrast to existing ... See full document

... The London School of Economics and Political Science THREE ESSAYS IN FINANCIAL ECONOMICS Sergey Glebkin A thesis submitted to the Department of Finance of the London School of Economics for the degree[.] ... See full document