Data and Code for: Naive Learning with Uninformed Agents

Summary:  View help for Summary The DeGroot model has emerged as a credible alternative to the standard Bayesian model for studying learning on networks, offering a natural way to model naive learning in a complex setting. One unattractive aspect of this model is the assumption that the process starts with every node in the network having a signal. We study a natural extension of the DeGroot model that can deal with sparse initial signals. We show that an agent's social influence in this generalized DeGroot model is essentially proportional to the degree-weighted share of uninformed nodes who will hear about an event for the first time via this agent.This characterization result then allows us to relate network geometry to information aggregation.We show information aggregation preserves ``wisdom'' in the sense that initial signals are weighed approximately equally in a model of network formation that captures the sparsity, clustering, and small-worlds properties of real-world networks. We also identify an example of a network structure where essentially only the signal of a single agent is aggregated, which helps us pinpoint a condition on the network structure necessary for almost full aggregation. Simulating the modeled learning process on a set of real world networks, we find that there is on average 22.4% information loss in these networks. We also explore how correlation in the location of seeds can exacerbate aggregation failure. Simulations with real world network data show that with clustered seeding, information loss climbs to 34.4%.  In this deposit, we include the codes and data to replicate all tables and figures. 

Funding Sources:  View help for Funding Sources National Science Foundation (SES-1326661)

Subject Terms:  View help for Subject Terms Social Networks; Social Learning; DeGroot Learning

JEL Classification:  View help for JEL Classification
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      D85 Network Formation and Analysis: Theory
      Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

Geographic Coverage:  View help for Geographic Coverage India

Data Type(s):  View help for Data Type(s) program source code; survey data