The Impact of Connectivity on the Production and Diffusion of Knowledge

• Tác giả: Gustavo Manso, Farzad Pourbabaee
• Ngôn ngữ: eng
• Ký hiệu phân loại: 306.42 *Sociology of knowledge
• Thông tin xuất bản: 2022
• Bộ sưu tập: Báo, Tạp chí
• ID: 174873

Tóm tắt

We study a social bandit problem featuring production and diffusion of knowledge. While higher connectivity enhances knowledge diffusion, it may reduce knowledge production as agents shy away from experimentation with new ideas and free ride on the observation of other agents. As a result, under some conditions, greater connectivity can lead to homogeneity and lower social welfare.