Title
Information acquisition and use by networked players.
Abstract
In an asymmetric coordination (or anti-coordination) game, players acquire and use signals about a payoff-relevant fundamental from multiple costly information sources. Some sources have greater clarity than others, and generate signals that are more correlated and so more public. Players wish to take actions close to the fundamental but also close to (or far away from) others' actions. This paper studies how asymmetries in players' coordination motives, represented as the weights that link players to neighbors on a network, affect how they use and acquire information. Relatively centrally located players (in the sense of Bonacich, when applied to the dependence of players' payoffs upon the actions of others) acquire fewer signals from relatively clear information sources; they acquire less information in total; and they place more emphasis on relatively public signals.
Year
DOI
Venue
2019
10.1016/j.jet.2019.05.002
Journal of Economic Theory
Keywords
Field
DocType
C72,D83,D85
Data science,CLARITY,Computer science,Microeconomics,Information acquisition,Multimedia
Journal
Volume
ISSN
Citations 
182
0022-0531
0
PageRank 
References 
Authors
0.34
0
2
Name
Order
Citations
PageRank
David P. Myatt1122.33
Chris Wallace2175.37