The Impact of Connectivity on the Production and Diffusion of Knowledge
Fuente:
arXiv
Salvato in:
| Autori principali: | , |
|---|---|
| Natura: | Preprint |
| Pubblicazione: |
2022
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1866914359330996224 |
|---|---|
| author | Manso, Gustavo Pourbabaee, Farzad |
| author_facet | Manso, Gustavo Pourbabaee, Farzad |
| contents | We study a social bandit problem featuring production and diffusion of knowledge. While higher connectivity enhances knowledge diffusion, it may reduce knowledge production as agents shy away from experimentation with new ideas and free ride on the observation of other agents. As a result, under some conditions, greater connectivity can lead to homogeneity and lower social welfare. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2202_00729 |
| institution | arXiv |
| publishDate | 2022 |
| record_format | arxiv |
| spellingShingle | The Impact of Connectivity on the Production and Diffusion of Knowledge Manso, Gustavo Pourbabaee, Farzad Theoretical Economics We study a social bandit problem featuring production and diffusion of knowledge. While higher connectivity enhances knowledge diffusion, it may reduce knowledge production as agents shy away from experimentation with new ideas and free ride on the observation of other agents. As a result, under some conditions, greater connectivity can lead to homogeneity and lower social welfare. |
| title | The Impact of Connectivity on the Production and Diffusion of Knowledge |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2202.00729 |