In this talk we will investigate the behavioral foundations of non-Bayesian models of learning over social networks and present a taxonomy of conditions for information aggregation in a general framework. As our main behavioral assumption, we postulate that agents follow social learning rules that satisfy “imperfect recall,” according to which they treat the current beliefs of their neighbors as sufficient statistics for the entire history of their observations. We augment this assumption with various restrictions on how agents process the information provided by their neighbors and obtain representation theorems for the corresponding learning rules (including the canonical model of DeGroot). We then obtain general long-run learning results that are not tied to the learning rules’ specific functional forms, thus identifying the fundamental forces that lead to learning, non-learning, and mislearning in social networks. Our results illustrate that, in the presence of imperfect recall, long-run aggregation of information is closely linked to (i) the rate at which agents discount their neighbors’ information over time, (ii) the curvature of agents’ social learning rules, and (iii) whether their initial tendencies are amplified or moderated as a result of social interactions. We also investigate the rate of information aggregation and show that it is a function of the centrality of agents and the informativeness of the observations. If time permits, we will also investigate the computations that fully Bayesian agents need to undertake in Bayesian social learning and show that computing the posterior belief is general NP Hard.
Joint work with Pooya Molavi (MIT Economics), Alireza Tahbaz-Salehi (Northwestern Kellogg), and Amin Rahimian (MIT IDSS).
Relevant paper: A Theory of Non-Bayesian Social Learning, forthcoming, Econometrica
Bio: Ali Jadbabaie is the JR East Professor of Engineering and Associate Director of the Institute for Data, Systems and Society at MIT, where he is also on the faculty of the department of civil and environmental engineering and is a principal investigator in the Laboratory for Information and Decision Systems (LIDS). He is the director of the Sociotechnical Systems Research Center, one of MIT’s 13 laboratories. He received his Bachelors (with high honors) from Sharif University of Technology in Tehran, Iran, a Masters degree in electrical and computer engineering from the University of New Mexico, and his PhD in control and dynamical systems from the California Institute of Technology. He was a postdoctoral scholar at Yale University before joining the faculty at Penn in July 2002. Prior to joining MIT faculty, he was the Alfred Fitler Moore a Professor of Network Science and held secondary appointments in computer and information science and operations, information and decisions in the Wharton School. He was the inaugural editor-in-chief of IEEE Transactions on Network Science and Engineering, a new interdisciplinary journal sponsored by several IEEE societies. He is a recipient of a National Science Foundation Career Award, an Office of Naval Research Young Investigator Award, the O. Hugo Schuck Best Paper Award from the American Automatic Control Council, and the George S. Axelby Best Paper Award from the IEEE Control Systems Society. His students have been winners and finalists of student best paper awards at various ACC and CDC conferences. He is an IEEE fellow and a recipient of the Vannevar Bush Fellowship from the office of Secretary of Defense. His current research interests include the interplay of dynamic systems and networks with specific emphasis on multi-agent coordination and control, distributed optimization, network science, and network economics.
Welcome to everyone!