To make high-quality research more accessible and easier to explore.

Fields:
2 results ✕ Clear filters

The Speed of Innovation Diffusion in Social Networks

Econometrica 2020 88(2), 569-594 open access
New ways of doing things often get started through the actions of a few innovators, then diffuse rapidly as more and more people come into contact with prior adopters in their social network. Much of the literature focuses on the speed of diffusion as a function of the network topology. In practice, the topology may not be known with any precision, and it is constantly in flux as links are formed and severed. Here, we establish an upper bound on the expected waiting time until a given proportion of the population has adopted that holds independently of the network structure. Kreindler and Young (2014) demonstrated such a bound for regular networks when agents choose between two options: the innovation and the status quo. Our bound holds for directed and undirected networks of arbitrary size and degree distribution, and for multiple competing innovations with different payoffs.

Feasible Joint Posterior Beliefs

Journal of Political Economy 2021 129(9), 2546-2594 open access
We study the set of possible joint posterior belief distributions of a group of agents who share a common prior regarding a binary state and who observe some information structure. For two agents, we introduce a quantitative version of Aumann’s agreement theorem and show that it is equivalent to a characterization of feasible distributions from a 1995 work by Dawid and colleagues. For any number of agents, we characterize feasible distributions in terms of a “no-trade” condition. We use these characterizations to study information structures with independent posteriors. We also study persuasion problems with multiple receivers, exploring the extreme feasible distributions.