(Pro-)Social Learning and Strategic Disclosure - HAL-SHS - Sciences de l'Homme et de la Société
Pré-Publication, Document De Travail Année : 2024

(Pro-)Social Learning and Strategic Disclosure

Résumé

We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic). However, agents can disclose their experiences to a public record, and when doing so are pro-socially motivated (forward-looking). Disclosure is both polarized (only extreme signals are disclosed) and positively biased (no feedback is bad news). The extent of disclosure is non-monotone in prior uncertainty. Subsidizing disclosure costs can paradoxically lead to less disclosure, but more experimentation.
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Dates et versions

halshs-04721035 , version 1 (04-10-2024)

Identifiants

  • HAL Id : halshs-04721035 , version 1

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Roland Bénabou, Nikhil Vellodi. (Pro-)Social Learning and Strategic Disclosure. 2024. ⟨halshs-04721035⟩
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