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Social learning from Private Experiences:The Dynamics of the Selection Problem

机译:私人经验中的社会学习:选择问题的动态

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I analyse social interanctions that stem from the successive endoeavours of new cohorts of heterogeneous decisionmakers to learn from the experimences of past cohorts.A dynamics process o finformation accumulation and decision making occurs as the members of each cohort observe the experiences of earlier ones,and then make choices thar yield experimences observable by future cohorts.Decisionmakers face the seleciton problem as they seek to learn from observation of past actions and outcomes,while not observing the counterfactual outcomes that would have occurred had othe ractions been chosen.Assuming that all cohorts face the same outcome distributions,I show that social learning is a process of sequential reduction in ambiguity.The specific nature o fthis process,and its terminal state,depend critically on how decision makers make choices under ambiguity.I use the problem of learning about innovation to illustrate.
机译:我分析了源于异类决策者的新群体的接班努力,从过去的群体经验中吸取的社会交往。随着每个群体的成员观察较早群体的经历,动态发展过程逐渐形成并积累了决策。决策者在寻求从观察过去的行为和结果中学习的同时,却没有观察到如果选择了其他动因就会发生的反事实结果,因此决策者面临着选择问题。在相同的结果分布下,我表明社会学习是歧义性顺序减少的过程。该过程的特殊性质及其最终状态,关键取决于决策者在歧义性下做出选择的方式。说明。

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