Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68064
Authors: 
Cartwright, Edward
Year of Publication: 
2007
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 07,05
Abstract: 
We consider a simple model that combines elements of search and social learning. Acting in sequence, and observing the action adopted by a previous agent, agents must search for an action. We explore why agent heterogeneity may increase expected payoffs and demonstrate that social learning may be most effective if agents are heterogenous.
Subjects: 
Social learning
search
herding
JEL: 
C7
D8
Document Type: 
Working Paper

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