Extensive imitation is irrational and harmful
E Eyster, M Rabin - The Quarterly Journal of Economics, 2014 - qje.oxfordjournals.org
Abstract Rationality leads people to imitate those with similar tastes but different information.
But people who imitate common sources develop correlated beliefs, and rationality
demands that later social learners take this correlation into account. This implies severe ...
But people who imitate common sources develop correlated beliefs, and rationality
demands that later social learners take this correlation into account. This implies severe ...
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